TUESDAY, MAY 10, 2022
As an artisan contractor, you have a specified skillset to perform special projects. Contractors can include carpenters, plumbers, electricians, roofers and tree surgeons. With the vast array of possibilities and specialties, it can be crucial at times to have specialized coverage.
At 1st American Insurance Agency, we can help provide you with options for coverage and help you find the policies that best suit your needs.
Common Coverage Options
There are common coverage options for artisan contractors. It’s important to consider all options and how they could help manage your risks. Coverage options include:
- General liability—This helps cover claims of injury or property damage caused by routine operations. It can also help cover damage to a customer’s building caused by a contractor as well as reputational harm or advertising injury.
- Workers’ compensation—This helps cover work-related employee injuries or illnesses. Coverage includes medical bill payment, wage replacement and death benefits.
- Completed operations—This helps protect businesses that provide a service. This coverage does not apply until after the work is finished.
- Commercial auto—This helps cover damage to company vehicles, damage to others’ vehicles and medical payments. Physical damage covers the damage to company vehicles, and liability covers damage done to other vehicles by company vehicles. Hired and non-owned, which is additional coverage, takes care of rental vehicles and employee-owned vehicles used for business reasons.
- Property—This helps protect only from the perils outlined in the policy. Even if artisan contractors work out of their homes or do not have their own building, business assets such as equipment, tools and computers are still at risk of property damage.
- Inland marine or equipment floater—This helps protect property stolen or damaged during transit. Since contractors typically travel to job sites with tools and equipment, equipment floater policies can help protect them from risk.
- Commercial umbrella—This helps provide additional coverage if claims exceed their limits. An umbrella policy can help make up the difference in coverage past your policy limits that would otherwise have to be paid out-of-pocket.
- Cyber liability—This helps artisan contractors by providing coverage for first- and third-party cyber claims.
The coverage you need will be independent of your needs as a contractor. Be sure to connect with an agent to determine the policy right for you.
Get Started Today
At 1st American Insurance Agency, we want to help you determine the best coverage options to keep you and others protected. To get started and learn more about the coverage artisan contractors may need, reach out to an agent today.
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