Artisan Contractors Insurance
Prime Insurance Company helps insurance producers write more business by offering artisan contractors insurance through the E&S market.
Prime Insurance Company helps insurance producers write more business by offering artisan contractors insurance through the E&S market.
Home / Professional Liability / Artisan Specialty Contractors
You may submit an application online by clicking the “GET A QUOTE” button, or download and fill out the application and supplemental documentation. If you download the application you may either submit them via email, fax or postal mail.
When working with an Artisan Specialty Contractor, let them know that careful planning and forethought are some of their greatest tools. Unfortunately, there are times when no amount of planning can protect your clients from unexpected accidents. As many contractors know, these accidents can range from something as small as a cracked window pane to something much more serious, such as someone falling and being injured or a destructive weather event like a tornado or hurricane. Because one can never predict the severity of the accidents that may happen on a worksite, it is crucial for all Artisan Specialty Contractors to have a thorough and reliable customized liability insurance policy.
We can help insurance producers (agents and brokers) that are looking to write more business for their clients in the contractor business, including:
We can provide customized coverage and the ability to put your client’s coverage under one simple policy. Coverages for Artisan Contractor Insurance can include:
Depending on the exact nature and structure of your client’s business, you may be considering whether they need an excess liability insurance policy or excess liability in specific areas of coverage such as product or professional liability. As more and more people start small businesses and become self-employed as contractors, it’s increasingly important to differentiate between their different types and roles in their given sector. Artisan specialty contractor insurance will help you give them the coverage that’s tailored to their business plan, even if your client isn’t quite sure what type of contractor they are.
It is important to understand that insurance for specialty contractors is not the same thing as worker’s compensation. To be clear, Prime Insurance Company does not offer worker’s compensation coverage. Suppose a person is injured while working on a specialty contracting job. In that case, there must be separate worker’s compensation measures in place.
A general contractor is what you probably have in mind when you hear the term ‘contractor’ and it’s probably what your client considers himself to be, as well. Contractors tend to have a wide variety of general skills and so, while they may be involved in projects that have elements of high liability, that need would be on a case-by-case basis more than as a general trend of their work.
Artisan specialty contractors: Artisan contractors, on the other hand, have experience in a skilled trade; instead of focusing on something like construction as a whole, their business would focus on a smaller scope within construction such as plumbing or electricity. Roofing also tends to be handled by artisan contractors due to the high degree of technical knowledge and expertise required to construct or repair a solid roof. In these circumstances, having excess liability coverage is a good idea not on just a case-by-case basis but because almost every single job involves a high degree of liability and the chance for a claim due to alleged damages.
Subcontractors: Either general contractors or artisan contractors can become subcontractors even though subcontracting with artisans is far more common. Subcontractors are a sort of the third party that the actual entity hired to complete a job may contract with for a smaller portion of the job. For example, the contracted project manager for a housing development might hire an electrician or roofing expert as a subcontractor.
Artisan contractors might not refer to themselves as artisans, instead, choosing a more marketable word like ‘expert’ or the known professional title such as plumber or electrician. But if your client can be considered an artisan contractor and handles highly technical jobs, having excess liability coverage for the specific risks their job inherits can be critical for their business’s success and yours.
Contractors should prepare for general commercial liability claims. As more and more studies come to light about the negative health effects of previously used construction materials, such as asbestos, artisan contractors are being hired to replace the dangerous materials. But even the service of removing them and reconstructing the buildings can introduce dangerous elements to the environment, and their business needs enough coverage to both respond to claims and address suits.
Contractors also need professional liability coverage, especially if they contract to larger construction companies. Construction companies are hiring more and more third parties to handle technical construction work. Because specialty fields such as electrical work, plumbing, and even specified areas of construction are becoming areas of expertise, your clients need additional protection regarding the services they render or technical advice they give.
The way that contractors and small businesses interact with larger companies is constantly changing, and that can blur the lines between coverage and responsibility. Make sure your clients are covered to handle longer legal conflicts and claims with excess coverage.
If you’d like to learn more about why Prime Insurance Company is a preferred provider of excess insurance coverage, please contact us. We’re here to help you and your clients find the right elements of additional coverage for their businesses’ needs.
See all related blogs here.
More often than not, the answer is no. As an independent contractor, your time can be your most valuable asset.
Many independent contractors, whether providing professional business services or specialized construction trades, wisely protect themselves with general liability insurance. But, what happens when a legal judgment exceeds the limits of these policies? In many cases, frivolous claims may qualify as exclusions in your traditional business insurance policies.
Many traditional policies restrict certain aspects of liability coverage that professionals should have in place. Standard policies have exclusions and limitations and might not have adequate coverage.
No matter how well you plan ahead, it’s almost impossible to prepare for all future issues that may arise.
In May 2017, 10.6 million people were employed as independent contractors. At this same time, independent contractors — by far the largest form of alternative work and a category that includes Uber and Lyft drivers — were estimated to make up 6.9% of total employment.
Nearly 8 in 10 independent workers have faced client nonpayment in their careers.
Prime Insurance Company will not bind a risk until all required information, documentation, and applicable premium is expressly received and accepted by Prime.
If there are any questions or urgent requests, please contact us today at
1-800-257-5590 or quotes@primeis.com
You may submit an application online by clicking the “GET A QUOTE” button, or download and fill out the application and supplemental documentation. If you download the application you may either submit them via email, fax or postal mail.
Download our 2020 Marketing Brochure or Classes and Coverages sheet!