During the housing boom during the first few years of the 21st century, artisan workers enjoyed record levels of employment and growth within the industry. However, that same housing boom turned into a bubble, which popped just a few short years later. Some housing projects got put on indefinite hold midway into completion, while many others got cancelled before ground was broken at all. Many individuals in this trade found themselves suddenly scrambling to find full-time employment, or any work. Unemployment skyrocketed; many were forced to look for work in other industries in order to make ends meet.
Thankfully, the housing market has started to come back around recently. Artisan workers (electricians, plumbers, drywall installers, masons, carpenters, and other tradesmen) are finding themselves back on the job. Now that they are, a comprehensive artisan contractors workers compensation policy is necessary to protect both these skilled workers, as well as the companies for which they work. Workers comp policies cover lost wages and medical bills for the injured employee. It also protects the employer from a lawsuit by the worker who was injured while working.
It is important when selecting a policy to choose an insurance company with expertise in artisan contractors workers compensation coverage. Policies can be written for both one or two-person operations; new ventures may also be eligible.