When it comes to the construction industry, there are different types of contractors, including general contractors and artisan contractors. Understanding the difference between these two is important, especially when it comes to insurance coverage.
General contractors are responsible for overseeing a construction project from start to finish. They are typically hired by the property owner and are responsible for managing all aspects of the project, including hiring subcontractors, obtaining permits, and ensuring the project is completed on time and within budget.
On the other hand, artisan contractors are skilled tradespeople who specialize in a specific area of construction. They are hired by the general contractor or property owner to complete a specific task or set of tasks, such as plumbing, electrical work, or carpentry.
The main difference between the two is that general contractors oversee the entire construction project, while artisan contractors work on specific tasks within the project. As a result, the insurance needs of these two types of contractors differ.
General contractors typically need a comprehensive insurance policy that covers all aspects of the construction project, including liability, property damage, and workers’ compensation. Artisan contractors, on the other hand, may only need a policy that covers liability and property damage related to their specific area of expertise.
In conclusion, understanding the difference between general and artisan contractors is important when it comes to insurance coverage. It’s important to work with an experienced insurance agent who can help you determine the appropriate coverage for your specific needs.