Artisan Contractors Insurance
As an artisan contractor, you are expected to deliver top-notch, specialized products and services. Customers and clients come to you because they trust you to be diligent, experienced and reliable. However, while such a reputation can garner lucrative business opportunities, it also enhances significant risk levels, as even slight mishaps or errors could have dire financial ramifications. So even contractors at or near the top of their fields must prioritize appropriate insurance.
What Is Artisan Contractors Insurance?
Artisan contractors insurance does not generally refer to a named product offered by most insurance companies. Instead, this term is a specialized form of business insurance and may be composed of several different policies.
When putting your artisan contractors insurance coverage together, the following types of policies may be essential:
- Professional liability insurance, also known as errors and omissions insurance, can insulate you from financial consequences if accused of making mistakes or providing inadequate services.
- Commercial property insurance may financially protect your business’s tangible assets, such as its building, equipment, tools and inventory.
- Builders risk insurance may cover construction projects in process, including materials and equipment stored on the job site.
- Workers’ compensation insurance may help employees injured on the job or developed work-related illnesses manage resulting losses and expenses.
- Business interruption insurance can provide financial assistance if a covered incident delays or disrupts your operations.
- General liability insurance may assist with third-party losses for which you are at fault, including bodily injuries, property damage and reputational harm.
- Commercial auto insurance can cover incidents involving your business’s motor vehicles.
- Inland marine insurance may render financial aid for damages sustained by property in transit, such as machinery being moved to a job site.
- Commercial umbrella insurance can establish a secondary layer of liability coverage should the limits of other policies be exhausted.
How Much Is Artisan Contractors Insurance?
Your artisan contractors insurance cost may vary greatly depending on your business’s perceived risk levels and coverage needs. An artisan contractors insurance broker may often consider the following criteria:
- Location
- Number of employees
- Years in business
- Services offered
- Business assets
- Annual revenue
- Previous insurance claims
- Coverage details (e.g., endorsements, limits and deductibles)
Is Artisan Contractors Insurance Important?
Artisan contractors insurance may be one of the most important investments you ever make. An appropriate coverage portfolio can make all the difference after accidents, errors and other unexpected issues. Some types of insurance, such as workers’ compensation and commercial auto, may be legally required, meaning that noncompliance could incur significant consequences.
Get the Right Coverage
As a knowledgeable artisan contractors insurance broker, Casual Insurance Group is standing by to help you secure your business’s finances and future. Contact us today to learn more.