Posted by: jmwilsonmga | January 8, 2013

Ask The Expert : Contractors Insurance Coverage

One of the most frequently asked questions that I receive as a Property & Casualty Underwriter for J.M. Wilson revolves around Contractors.  Namely the difference between a General Contractor and an Artisan Contractor.  If you find that you wonder this too, here are all of the details!

Ask The Expert : ContractorsWhat is the difference between a General Contractor and an Artisan Contractor?

A General Contractor uses 100% sub contractors for all work.  They do not do any physical work themselves.

An Artisan Contractor is the sub-contractor who performs the work, however they do not have to be hired by a general contractor.  They can be a “one man show”.  They may also use other sub-contractors.  An Artisan Contractor is specific to a trade, for example a plumber, carpenter, painter, roofer, tree trimmer, water or fire restoration, etc.

Establishing which type of Contractor your insured is makes a big difference in the policy, the premium, and the coverage they will receive.

For a General Contractor;

  • Premium is based on sub contractor costs and owner payroll
  • Low minimum premium

For a Artisan Contractor;

  • Premium is based on number of owners, employee payroll and subcontractor payroll if applicable
  • Phone quoting available for single line contractors
  • Residential and commercial mix accepted
  • Accepting start-up ventures, no prior coverage, and accounts with prior losses
  • Low minimum premium

In addition to covering your contractor, we can help them with coverage for their business office, tools/equipment, excess liability, and EPLI (if they have employees).

I hope this post answers all of your questions.  If you have other questions or a Contractor who needs coverage, give us a call – we can help!

AAubrie-Hoopingarner-Sept-2011bout the Author : Aubrie Hoopingarner, Property & Casualty Underwriter

Aubrie Hoopingarner joined J.M. Wilson in 2008.  She is responsible for quoting new and renewal business and underwriting policies that meet our agent’s needs, as well as servicing existing accounts and providing excellent customer service.  She loves interacting with our agents and helping them serve their customers.  Outside of the office, Aubrie loves spending time on the water in her speedboat and building memories with her son Max.
Disclaimer :  This article is for informational purposes only.  There is no legal advice being suggested or proffered.  The author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.  This article is the opinion of the author and is not supported or endorsed by J.M. Wilson.  It should not be relied upon and may contain inaccuracies or content may have changed over time, contact your underwriter for the most current and accurate information.  Any comments or responses are the opinions of their authors.  Content on this site is believed to be covered under Fair Use. Legal

Copyright 2012 J.M. Wilson Corporation


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