MGT, the first AI-native neo-insurer for small commercial property and casualty, built from the ground up for independent agents, has launched its Artisan Contractor Business Owner's Policy (BOP) — bundling general liability and property protection for plumbers, electricians, painters, and other small specialty contractors.
The product is built for contractors who focus on service, repair, and standard installation work, protecting their tools, equipment, and livelihood under a single, affordable policy. Because artisan contractors typically need proof of coverage before starting a job, MGT provides instant Certificates of Insurance (COIs) at bind.
For agents, placing these risks starts from little more than a business name and address — the platform gathers and pre-fills the rest, freeing the agent's attention for the details that matter for the risk rather than data entry, with underwriting rigor built in from the first question.
"Agents need insurance products for contractors that are straightforward to place quickly and grounded in sound underwriting," said Niall Fitzgerald, Head of Product & 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."
Policies start at $750 in annual premium, depending on risk factors and coverage selections.
"Commercial insurance is the unsung hero of our economy, empowering entrepreneurs to take risks and grow. Yet, artisan contractors, the very backbone of our communities, are too often underserved by 'one-size-fits-all' insurance products," said Graham Topol, Co-Founder and Co-CEO at MGT.
"We launched our Artisan Contractor BOP to address the unique risks these professionals face. Whether a solo plumber or leading a crew, you need a policy that understands your trade and protects your assets and craftsmanship," said Chad Nitschke, General Manager, E&S at MGT.
The launch follows MGT's $21.6 million Series B, raised to expand smarter, more accessible insurance coverage for small businesses across the country.
Ready to place a contractor risk? Check MGT's appetite at mgtinsurance.com/appetite.
