Home Improvement Industry Quick Facts

Having more information helps you understand your industry and its trends, and the resulting impact on your business.

Did you know?

• According to a 2008 study by J.D. Power and Associates, customers spent an average of $2,400 on home improvement during the previous 12 months—an increase of $200 compared to a year ago.
  General liability insurance from Nationwide will protect you if a customer would get hurt while on your premises.
  
  
• According to figures from ibisWorld, in 2008 the home improvement industry was a 130,000 million dollar industry.
  Safeguard your business — and your income — with business interruption insurance.
  
  
• According to Consumer Reports, a 5x7-foot bathroom remodel, at a national average cost of $15,000, provides a 78% return on the investment.
  If your employees deliver bathroom fixtures using company vehicles, make sure you’re covered with business automobile insurance from Nationwide.
  
  
• The Environmental Protection Agency reports that 2007 sales for compact fluorescent light bulbs (CFLs) nearly doubled from 2006, and these sales accounted for approximately 20 percent of the U.S. light bulb market.
  Utility services coverage will protect you from losses if an interruption of your electrical service damages your equipment or computer network.

Product, coverage, discounts, insurance terms, definitions, and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms, and discounts may vary by state and exclusions may apply.