Artisan contractors—specialized professionals such as painters, plumbers, and electricians—play a crucial role in residential and commercial projects. Proper insurance coverage protects these tradespeople from financial loss and liability risks.
Essential Insurance Policies for Artisan Contractors
- General Liability Insurance:
- Covers third-party property damage or bodily injury.
- Example: If a plumber accidentally causes water damage while working, this policy covers repair costs.
- Commercial Auto Insurance:
- Protects vehicles used for business purposes, such as transporting tools or materials.
- Tools and Equipment Insurance:
- Replaces or repairs stolen or damaged tools.
- Highly recommended for painters and electricians, whose work often depends on specialized equipment.
- Worker’s Compensation:
- Mandatory if you employ workers, ensuring coverage for on-the-job injuries.
Additional Considerations
- Customized Policies: Artisan contractors often face industry-specific risks. Tailored policies ensure comprehensive coverage.
- Certificates of Insurance (COIs): Many clients require COIs before allowing work to begin. Keep these readily available.
Pro Tip
Bundle policies to save on premiums and simplify the management of your insurance needs.
