Artisan Contractors

Crafting Coverage for Artisan Contractors

Home and commercial property remodeling in the U.S. generates $112 billion in revenue each year, showing an eight percent increase over the last five years. This increase illustrates a greater demand for skilled trade workers, which in turn gives rise to liability claims that can bring massive losses. Should an injury or property damage occur,…

Top 3: Commercial Insurance Articles

Insurance Market Source highlights this month’s top three commercial insurance articles on insurancemarketsource.com. 1. Safe Harbor As uncertainty roils marine markets, creative coverage strategies keep commercial shipping concerns buoyant. The commercial marine industry has been contending with rough waters for several years, and the waves keep getting higher, says Andrew Hills, Managing Director, Lochain Patrick Insurance Brokers, London, U.K, a subsidiary…

3 Key Concepts Brokers Should Consider When Insuring Artisan Contractors

Consumers are projected to spend approximately $317 billion on home improvements this year.1 In addition, an increase of approximately 6.5% has been predicted for commercial construction in 2017.2 An increase in improvements, means a greater need for artisan contractors. An Artisan Contractor is one that is specific to a trade, for example a plumber, carpenter,…

3 Topics You Should Discuss with Artisan Contractors

Protecting Plumbers from Electrical Fires and Electricians from Floods Before the American housing boom ended in 2006, contractors across the country worked as fast as possible to keep up with market demand. Bursting pipes, electrical fires and other construction defects began occurring at higher rates as a side effect of speedy work. “Even if the…

3 Ways to Build Loyalty with Your Contractor Clients

It is important to not just meet the needs of your clients, but find ways to exceed them. Adding value to your client relationships is just as important as understanding their unique set of needs. From independent plumbers and painters to general contractors who manage hundreds of workers, writing coverage for service and artisan contractors is complex. It…

Evolving Insurance Requirements Spread Risk Among Contractors

Owners and developers continue to seek new and innovative ways to complete construction projects faster and more cost effectively. And who can blame them? After all, the sooner the building is complete, the quicker tenants can be moved in and paying leases to the owner and manager. Large construction projects are extraordinarily complex and require…