Nevada Construction Insurance for Builders, Contractors, and Developers
Coverage that holds up to the jobsite—designed for GCs, trades, developers, and industry professionals.
Why Contractors Trust Statement Insurance
- We know construction risk—from single-family builds to large-scale commercial developments
- We respond fast and handle documentation with precision
- We access top carriers and specialty construction markets
- We understand contract language and jobsite liability
- We help you stay compliant and competitive
“Statement Insurance as a Team are reliable and prompt to serve at a moments notice.”
“Working with Statement Insurance Agency has been seamless and stress-free.”
“Working with Mark and his team has been refreshing! I have a significant number of policies.”
At Statement Insurance Agency, we work with:
- General Contractors
- Trade Contractors
- Developers
- Construction Professionals
We deliver policies that meet project requirements, protect against real-world risks, and help you stay focused on getting the job done. Whether you're bidding a job, breaking ground, or managing subcontractors, the risks in construction are real—and so are the coverage gaps that can cost you. Based in Reno, Nevada—serving businesses across the western U.S.
Construction Coverage
Coverage guides for contractors
What Nevada requires of contractors
Licensing starts with a bond. The Nevada State Contractors Board will not issue or renew a license without a surety bond or an approved equivalent, and it sets the amount by your license limit under NRS 624.270. Raise the limit and the bond usually goes up with it. Our guide to the Nevada contractor license bond covers the requirements and what it costs.
Workers' comp from the first hire.Nevada requires workers' compensation for nearly every employer with employees, with no small-contractor exemption. Officer payroll is treated differently since SB 317, and the year-end premium audit is where misclassified payroll and uninsured subs turn into a bill. If you ignore one, read what an audit penalty costs before you do anything else.
Public works means contract bonds. Nevada requires payment and performance security on public works under NRS 339, and most public bids need a bid bond just to submit. Those are underwritten on your financials, so get a bonding line reviewed before the bid you want.
Contracts set the real limits. The state minimum is rarely what decides your program. General contractor and owner agreements do, with additional insured, waiver of subrogation, and primary and non-contributory wording, and a certificate that has to be right before you are allowed on site. General liability for contractors walks through what those contracts ask for.
Risk Management Resources
Jobsite Safety Checklists
Request itEquipment Theft Prevention Tips
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Get in touchFAQs
Are subcontractors covered under my contractor insurance?
In most cases, subcontractors are not automatically covered under your contractor insurance policy. Each subcontractor is typically responsible for carrying their own general liability and workers' compensation insurance. However, as the general contractor, you can be held liable for damages or injuries caused by uninsured subs. That's why it's crucial to require certificates of insurance (COIs) and appropriate endorsements from every subcontractor before work begins. This protects your business, helps avoid coverage gaps, and ensures compliance with project or licensing requirements.
Do I need insurance if I am a subcontractor?
Yes. Even if you are a subcontractor, you should carry your own business insurance. At a minimum, this includes general liability coverage to protect against property damage or injuries you cause and workers’ compensation if you have employees. Many general contractors and project owners will not hire subcontractors who cannot show proof of insurance. Having your own contractor insurance policy protects your finances if something goes wrong on the jobsite and helps you win more projects by showing professionalism and reliability.
What does it mean to be a licensed and bonded contractor?
A licensed and bonded contractor is one who has met the state's licensing requirements and carries a contractor's bond, which provides financial protection for clients. Licensing ensures you meet experience and regulatory standards, while bonding guarantees that if you fail to complete a job or violate state laws, the customer can recover financial losses. Being licensed, bonded, and insured builds trust with clients and shows that you operate legally and responsibly in the construction industry.
What insurance coverages do contractors need to carry?
Every construction business should have a contractor insurance program that includes several key coverages: General Liability protects against third-party injuries or property damage. Workers' Compensation covers employee injuries on the job. Commercial Auto covers vehicles used for business operations. Pollution Liability covers environmental or contamination-related claims. Professional Liability protects against errors in design, project management, or consulting work. Inland Marine or Equipment Coverage protects tools and machinery. Umbrella or Excess Liability provides extra protection beyond your main policies. Depending on your projects, you may also need Builder's Risk. Together, these coverages protect your business from financial loss and help you stay compliant with contract and licensing requirements.
Is workers' compensation insurance required for construction businesses in our state?
Yes. In Nevada and most other states, workers' compensation insurance is required for construction businesses that have employees. It provides benefits for employees injured on the job, covering medical costs and lost wages while protecting your company from lawsuits. Even if you are a sole proprietor or independent contractor, having workers' compensation coverage can be a smart move. It ensures you are protected if you are hurt while working and can make you eligible for more contracts that require proof of insurance.
What insurance does a Nevada contractor need to get licensed?
The Nevada State Contractors Board will not issue or renew a license without a surety bond or an approved equivalent, and the Board sets the amount by your license limit (NRS 624.270), so raising your limit usually raises the bond too. If you have employees, you also need workers' compensation, which Nevada requires from the first hire. Most contractors then add general liability, because nearly every general contractor and project owner will require a certificate before you set foot on the site.
Do Nevada public works projects require bonds?
Generally yes. Nevada requires payment and performance security on public works (NRS 339), and most public bids require a bid bond just to submit. Those contract bonds are underwritten on your financial statements and track record rather than issued instantly like a license bond, so the time to get a bonding line reviewed is before the bid you want, not the week it is due.