Independent vs. Artisan Contractors Insurance Considerations

Understanding the right insurance coverage is essential for contractors in Utah’s construction and skilled trades industries. At Axcess Insurance, we know that the insurance needs of those in these lines of business can vary and may require carefully personalized policies. Our team is here to help you navigate these processes and secure the contractors insurance that fits your business.

Key Differences Between Independent and Artisan Contractors

Independent contractors often operate as self-employed professionals, potentially offering a range of services to clients. Their work may span multiple trades or projects, and they often manage their own schedules and business operations. Artisan contractors, on the other hand, are often tradespeople with specific skillsets, such as electricians, plumbers or carpenters.

Because of these distinctions, insurance needs can vary:

• Independent contractors—These professionals may require broader coverage to address diverse job sites, client contracts and potential liabilities amid various jobs.
• Artisan contractors—Artisans may need specialized policies tailored to the risks associated with their specific trade, including coverage for tools, equipment and completed operations.

Essential Insurance Coverages to Consider

Whether you’re an independent or artisan contractor, several types of insurance may be important for managing risk:

• General liability insurance can cover third-party claims of bodily injury, property damage or personal injury.
• Professional liability insurance may offer financial protection if a client claims an independent or artisan contractor made errors or provided subpar services.
• Tools and equipment coverage may be especially important for artisans who rely on specialized gear, but can also be valuable for all contractors.
• Workers’ compensation insurance is often required if you have employees, and can offset losses related to on-the-job injuries.
• Commercial auto insurance can cover vehicles used for business purposes, including personal automobiles, and is typically required by law.

How Our Team Can Help

Contact Axcess Insurance today to discuss your business’s coverage needs and assemble an appropriate contractors insurance package.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.