Working in a professional trade exposes you to some very high-risk situations. Artisan Contractors insurance includes a package of coverage designed to protect you from the risks and perils faced every day. We offer insurance for over 450 different trades, giving you the protection you need, at the right price
The category of artisan contractors, also known as sub contractors, includes many occupations that involve skilled work with tools at the customer’s premises. carpenters, plumbers, electricians, roofers and tree surgeons are some of them. Also included are diverse other skilled service providers, such as interior decorators, piano tuners and exterminators.
Special artisan contractors insurance needs of this group include coverage for equipment and tools that are often moved around and for the value of work done for a customer until it is finished.
For many artisan contractors, the most cost effective and efficient way to obtain property and liability coverage is with a Business Owners Policy (BOP) especially tailored to their needs. Although marketed under a variety of names, these policies will typically have provisions similar to the BOP’s
An artisan in the contracting business is typically anyone who can provide a specified type of service that markedly improves a home or business. The category of artisan contractors, also known as casual contractors, includes many occupations that involve skilled work with tools at the customer’s premises. Carpenters, plumbers, electricians, roofers and tree surgeons are some of them. Also included are diverse other skilled service providers, such as interior decorators, piano tuners and exterminators. This includes:
Of course, there are many more examples than just those in this list. These contractors provide services that require specialized liability needs, for each trade has its own potential for accidents and risk factors. Artisan contractors’ insurance cover injuries to the body, damages to the client or a third-party property, personal injury or injury made against the reputation of a third party, advertising injury or any sort of action taken against a competing company, and medical payments.
The main difference between general contractors and artisan contractors is that general contractors typically manage big picture projects, for example, a complete home renovation. These larger projects may require several artisan contractors, or subcontractors, to complete the entire project. For this reason, general contractors should seek general liability insurance. Artisan contractors, however, work in a specialized field and should seek an insurance policy that covers the unique needs of their specific trade.
Artisan contractors, while having a good running knowledge of general contracting, have a more specialized take on their industry. In larger construction projects, general contractors will need the help and expertise of these professionals.
Artisans are more focused on one or two parts of a project, honing in on things like electrical work or carpentry. Technically noted as a subcontractor, artisan contractors are specifically skilled to handle a part of a project so that general contractors can get on with the bigger picture of the deal.
But artisan contractors also operate their own projects and businesses outside of being contracted out by general contractors. As a result, they’ll need to invest in their own specialized artisan contractors insurance. Artisan contractors’ insurance covers injuries to the body, damages to the client or a third-party, personal injury, advertising injury, or any sort of action taken against a competing operation, as well as medical payments.
With so many different types of artisans, you may be wondering how much artisan insurance costs. The amount you’ll pay for insurance coverage depends almost entirely on the type of artisan service that you provide. Greater levels of financial or physical risk correspond to more expensive premiums.
To help you figure out how much you’ll need to set aside for your artisan business insurance, we’ve put together a table with some ballpark figures that you can expect to pay on $1 million general liability insurance for different types of artisan businesses.
|Artisan Service Type||Average Monthly Premium||Average Annual Premium|
|Custom Lighting or Sound||$56||$672|
|Custom Auto Bodywork||$78||$936|
|Tile or Stone Installation||$43||$516|
|Custom Painting and Murals||$37||$444|
|Small Artisan Contractor||$39||$468|
Aside from tools of the trade, acquiring an insurance policy is one of the smartest investments for an artisan contractor to make. With all of the moving parts to a job site accidents are a matter of when not if. These policies have a variety of different nuances and options to choose from. Here are some of the policies we highly recommend you purchase:
Common General Liability Coverages can include:
Automotive accidents happen, statistically more often than any other type of insurance claim. A study showed that when large vehicles, including trucks, are involved in accidents, the cost of the damage came to an average of approximately $60,000 and resulted in 4,102 deaths a year (2019).
Having business auto insurance, you are covered against third-party claims such as injuries, vehicle damage or loss to property. Similar with commercial general liability insurance, the legal expenses will also be covered whenever things get to court.
Take note that a personal auto policy will not provide coverage for any vehicle owned by the contracting business. These vehicles must have a business auto policy.
This type of insurance covers goods that are in transit over land, certain types of moveable property and the transportation of equipment. Inland marine insurance, though known as “floater” policies, is essential especially when the materials, supplies and tools are being transported to and from the construction site. Regardless of who is driving from point A to B, inland marine coverage ensures safe arrival and will compensate for any accidents.
Artisan contractors are also responsible for the safety of their employees.
Workers compensation covers a contractor’s employee if ever they get injured, contract diseases or even lose their lives during the construction project. Coverages usually include medical treatment, rehabilitation costs, disability income and compensation for the loved ones of the workers injured on the job. This insurance policy even provides protection to employers against claims filed in court by the families of a badly injured or deceased employee.
This insurance policy provides contractors coverage for bodily injury, defense, property damage and cleanup costs in the case of pollution arising from an artisan contractor’s work on a project.
This insurance policy is often unique to the specific type of contractor, mainly because of the wide variation of environmental risks and types of contractors, in addition to the various types of projects a contractor works on. Policies are offered either on the basis of occurrence or claims and can be on a blanket program or on certain projects.
If you’re looking into a more affordable and bundled insurance policy for your business, business owner’s policy (BOP) can be a good choice. This policy combines protection for all the major property and liability risks into one package. It includes the important coverages required in the business and often costs less than the total costs of the individual insurance policies.
Regulating Agency and References
Insurance Information Institute (III)
This organization’s mission is to improve public understanding of insurance – what it is and how it works. Visit III at https://www.iii.org.
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