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The AAIS Artisans Program provides a
ready-made package of property and liability coverages for an
artisan contractor account, whether it be a sole tradesman or a
firm with up to 10 employees. Operations with up to $3 million in
sales or $500,000 in payroll are eligible.
The Artisans Program emphasizes liability
coverage, and a policy can be written to provide liability
coverage only. Broad form coverage for contractual liability is
built into the base form, as is coverage for damage to property of
others, up to a $10,000 limit. (Limited contractual liability
coverage can be substituted by endorsement.)
Under this program, the general aggregate
limit can be applied per project, thus meeting a common
requirement of general contractors. Other liability features of
this program include:
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Additional insured options that eliminate
the need to write Owners and Contractors Protective (OCP)
policies
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A "voluntary" property damage
coverage option that works like a "medical payments"
provision for property damage claims
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Rating information for XCU exposures
Endorsements are available to limit or exclude
coverage for claims arising from mold and construction defects,
which often occur in tandem. One endorsement specifically
addresses losses arising from the synthetic stucco known as "EIFS."
Another endorsement excludes coverage for "known injury or
damage," thus shielding insurers from "continuous
trigger" claims inspired by the Montrose ruling.
The Artisans Program also provides open perils
property coverage in the base form, along with coverage for
business personal property away from insured premises. An option
is available for increasing the off-premises property limit. Other
property features include:
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A choice of three different endorsement
packages of additional property and inland marine coverages
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Options to cover contractors' tools and
equipment on a blanket or scheduled basis
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An option to provide installation floater
coverage with a selected limit
Rating information for the Artisan Program is
based on easy-to-verify rating bases (per employee for liability
coverage, per $1,000 for property).
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