AmTrust offers small business insurance for artisan contractors. Learn about contractors insurance coverages and preferred classes.
The toll of repetitive motion, the dangers of operating machinery, and the vulnerability of exposure to hazardous or toxic chemicals are common risks that artisan contractors face. In AmTrust’s 2021 Artisan Contractor Risk Report. We analyzed 26,000 workers’ compensation claims over ten years from artisan contractors. The report provides insights into artisan contractors’ unique risks, along with workplace safety tips to help reduce employee injuries and expensive claims.
Key findings in the report:
• New employees pose the greatest injury risk
• Ladder falls and lifting strains are the most common injuries
• Top injuries resulting in most time out include falls, burns and abrasion
• Plumbers and electricians have the most claims
There are over 4.8 million specialty contractors in the U.S. Also known as artisan contractors, these companies have skilled workers who perform their jobs with tools on a customer’s premises. The types of companies in this sector include carpenters, electricians, interior designers, piano tuners, exterminators and plumbers. Contractor businesses can have unique insurance needs, including coverage for equipment and tools moved between different job sites, and these needs may not be covered under standard property insurance. Artisan contractors need insurance coverage for injuries to the body, damages to the client’s property or a third party, personal injury, advertising injury or any type of action taken against a competing operation.
AmTrust’s Contractor Insurance policies provide tailored coverages to contractor businesses, providing them with peace of mind that their organization is protected from various day-to-day mishaps.
Workers' Compensation
Workers' Compensation Insurance protects your contractor business and workers by providing benefits to employees injured in the workplace. These benefits can address medical care and related medical costs, retraining, and lost wages until the employee can return to work or compensation for permanent disability.
General Liability
General Liability Insurance provides coverages for contractors for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injury on the business’s premises or on-the-job site. This type of business insurance offers coverage for third parties who experience harm to themselves or their property because of something you or your workers did or failed to do.
Commercial Property
Commercial Property Insurance is crucial for your contractor business. It protects your building, contents, business income, and rental income from commonly experienced losses, including fire, explosion, pipe bursts, storms, theft, vandalism, and flood and earthquake (when this type of coverage has been added to the policy).
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GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
