Liability insurance and bonds are the first needs for the young contractor. As business grows, there is a greater need for workers compensation and property insurance for construction equipment. Artisan contractors represent the greatest number of contractor prospects. A wide number of classes, including plumbers, electrical contractors, painting contractors, dry wall and plasterers, paper hangers, carpenters, ornamental iron workers, bricklayers and masons, tilers and floor covering contractors, work as artisans, usually on an independent basis or under subcontract of a general contractor. These artisans are mostly involved with residential property but also work as subs in larger risks and commercial buildings.
General contractors handle the bulk of heavy construction.
They may be involved in building large commercial buildings, or offer a service but do not build. Examples of general and specialty contractors in this class include general contractors, demolition contractors, land graders, HVAC contractors, steel erectors, excavation contractors, bridge and tunnel construction, marine contractors, railroad construction, concrete construction, asphalt paving, street, road and highway construction, structural metal and fabrication work, scaffolding and hoisting and sprinkler contractors. Contractors involved in environmental cleanup, such as asbestos abatement, lead abatement, petroleum tank removal, and environmental contractors represent a third group of prospects. We have identified a number of markets for contractors insurance that have specific programs for roofers, artisan and general contractors and environmental specialists. While we realize that most contractors can purchase coverage to protect their needs through standard companies, sometimes certain classes of specialty contractors, artisans and some general contractors can be fit into special programs available in the specialty market.