MGT Launches Artisan Contractor BOP
PRODUCT: Artisan Contractor Business Owner’s Package (BOP).
COMPANIES: MGT Insurance.
BEST RATING: A-.
AVAILABILITY: Appointed agents and brokers only.
FOCUS: MGT, a vertically aligned artificial intelligence (AI)-native neo-insurer, today announced the launch of its new Artisan Contractor Business Owner’s Package (BOP) to bundle general liability and property protection for plumbers, electricians, painters and more.
This newly launched offering is built for small specialty contractors who focus on service, repair, and standard installation work. It protects their tools, equipment and livelihood under a single, affordable policy, allowing them to focus on their craft.
“Agents need insurance products for contractors that are straightforward to place quickly and grounded in sound underwriting,” said Niall Fitzgerald, head of product and underwriting at MGT. “MGT’s Artisan Contractor BOP delivers both, offering a targeted solution that helps agents better serve local contractors while supporting long-term portfolio stability.”
COVERAGE DETAILS: Coverage includes a contractor’s endorsement with auto available for contractor classes; contractors tools and equipment; employees tools coverage with multiple deductible options, including installation coverage; additional insureds and waivers; blanket additional insured and other optional add-ons commonly used by contractors.
UNDERWRITING: The business name, address and business payroll information are required to provide a quote.
MINIMUM PREMIUM: $725.
TARGET: Small specialty contractors who focus on service, repair and standard installation work and seek to protect their tools, equipment and livelihood under a single, affordable policy.
Target classes include appliance installation and repair; carpet or upholstery cleaning; cabinetmaking; janitorial and exterior cleaning; electrical work; floor covering installation; HVA; landscaping and maintenance; painting and wallcovering; residential plumbing; and lawn sprinkler installation and repair.
COVERAGE AVAILABILITY: Available in all U.S. states except Alaska, California, Florida, Hawaii, Louisiana, New York and South Dakota.
CONTACT: Sean Hallerud, web development and demand gen lead, MGT Insurance.
Will Jones is IA editor-in-chief.
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