Contractors Insurance
The Artisan Contractor program is designed for the trade contractor business, typically with five or fewer employees. This product offers general liability, fire damage and medical expense coverage with options to cover tools and equipment used in the trade.
Primary Coverages
General Liability
As a business owner, you could be held legally liable for bodily injury to another person or damage to another person’s property as a result of conducting your business. General Liability coverage protects you and your business should a loss occur.
Fire Damage
Provides coverage for damages to premises rented or temporarily occupied by you or your business.
Medical Expense Payments
Medical Expense Payments covers an individual who is injured on your premises or as a result of your operations, and pays without regard to legal liability.
Additional Optional Coverages
Inland Marine
This valuable coverage is available to insure tools, equipment and materials while they are in transit or away from your premises. The protection is provided by endorsements known as Tool, Scheduled Equipment, or Installation Floaters.
Additional Insureds
Sometimes a contract requires you to add another party as an Additional Insured to your insurance policy to protect their interests. Various additional insurance forms are available according to your need. Please consult your agent.
Deductible & Discounts
Should you experience a covered loss, a deductible of $250 applies per claim. In addition, you will be provided with a discount to your premium when you confirm that you have been in business and submit proof of prior General Liability Insurance.
Homebuilders General Liability
Protection Plus, a homebuilders liability program, provides a comprehensive risk management solution for Residential General Contractors. This program combines competitive pricing and broad scope of coverage with the proven dispute‐resolution benefits of a Third‐Party Structural warranty. This is an insurance‐backed warranty that covers the structural components of the home for 10 years. Protection Plus is tailored for homebuilders of single-family homes starting at 1‐500 units per year. This program is underwritten by State National Insurance Company, an AM Best A‐rated company.
Protection Plus is offered through Bonded Builders Warranty Group, a subsidiary of Bankers. All products and services are independently marketed by Bonded Builders representatives. For more information on BBWG, visit www.bondedbuilders.com.
Program Features
- This program is available for custom, semi-custom, tract and remodeling contractors
- Property damage for work performed by sub-contractor is also covered
- Occurrence limits available to $2 million
- Direct‐bill payment plans available
Primary Coverages
Bodily Injury & Property Damage
This provides coverage for bodily injury or property damage for which an insured is legally liable and to which the coverage applies.
Medical Payments
Medical Payments reimburses medical expenses incurred by an individual who is injured on your business premises or because of your operations. This coverage pays without regard to legal liability, and injuries must be reported within one year of the accident.
Personal and Advertising Injury
This provides coverage for a number of offenses including libel, slander, false arrest, malicious prosecution, advertising or copyright infringement.
Additional Optional Coverages
Inland Marine
This valuable coverage is available to insure tools, equipment and materials while they are in transit or away from your premises. The protection is provided by endorsements known as Tool, Scheduled Equipment, or Installation Floaters.
Blanket Additional Insureds
For a flat charge, additional insureds, as required by a written contract, would be automatically included, subject to the limits of the policy.
Waiver of Subrogation
As required by a written contract, a waiver of subrogation endorsement is available to you.
Hired & Non-owned Auto Coverage
This option covers bodily injury and property damage caused by a vehicle you hire (including rented or borrowed vehicles) or caused by vehicles owned by others, including vehicles owned by your employees.
Deductibles
Should you experience a covered loss, a deductible of $1,000 to $10,000 per claim applies, depending on your selection when you purchase the policy.
Builders Risk
The Builders Risk program provides course‐of‐construction protection to meet the needs of the remodeling, new‐residential and light‐commercial construction industry. This policy is available to both homeowners and general contractors. Bankers provides the capacity for single-dwelling policies insured to $3,000,000 per building, and a project reporting form with capacity to $10,000,000 per catastrophe for larger builders. This policy is often required to secure a loan.
Builders Risk includes but is not limited to:
- Fire
- Theft
- Vandalism
