5 Types of Insurance for Artisan Contractors

As an artisan contractor, you may be wondering what type of insurance you need. The good news is that there are several types of insurance that are relevant to your business. Because you work with customers directly, it's important for you to have the right insurance in case something goes wrong while on the job. Below we discuss five types of insurance that are essential for artisan contractors: General Liability, Businessowners (BOP), Third-Party Property Damage, Workers’ Compensation, Commercial Auto and Hurricane Protection Plan.

Third-Party Property Damage

As a contractor you are hired to repair and or provide maintenance for a home/business. While working, you accidentally drop a large wrench and severely damage the clients new hardwood floor. General Liability insurance protects you against third-party claims for property damage, and covers the cost to fix it.

Bodily Injury

A client hires you to do some minor carpentry repairs. You rest your drill on the floor. When the client comes in to check on your work she trips, falls, and breaks her wrist. General Liability insurance protects you against third party claims for bodily injury, associated medical costs, and legal action.

Hurricane Protection

A named hurricane damages your workshop and equipment. The Hurricane Protection Plan promptly pays a predetermined amount without the need for a claims process or adjuster if your property is located in an area affected and identified by the company for loss recovery.

Workers’ Compensation

You send out one of your employees to perform a job for you. While on the job he bends down to pick up a piece of heavy equipment, sprains his back, and is off work for weeks until he recovers. Workers’ Compensation insurance protects you against any claims for your employees bodily injury, associated medical, and legal action.

Commercial Auto

On the way to a job site one of your employees gets into an accident while driving the company car. Commercial Auto insurance protects your company not only for the personal injury damages of your employee but also protects you against any third party property or bodily injury damages associated with automobile repairs, car rental costs, medical costs, and legal action.

Find the Right Coverage for You

Whether you’re a plumber, electrician or contractor of any kind, it’s important to have the right type of insurance. General Liability insurance, Businessowners (BOP), Workers’ Compensation, Commercial Auto, and Hurricane Protection Plan are all great options but with so many options out there, it can be hard to know where to start. That’s why we’ve put together this guide on the different types of insurance for artisan contractors. We hope it helps you find the right policy for your business.

Do you have any questions about artisan contractor insurance?. Working with an agent who understands your specific business is the best way to find the right coverage for you. Find an agent near you and get started today.