MGT, an AI-native neo-insurer, has introduced its new Artisan Contractor Business Owner’s Package (BOP). This offering combines general liability and property protection for various specialty contractors, including plumbers, electricians, and painters.\n\nDeveloped for small specialty contractors focused on service, repair, and standard installation work, the BOP aims to secure their tools, equipment, and livelihood under a single policy. The product also provides instant Certificates of Insurance (COIs), a requirement for artisan contractors before commencing work.\n\nThe offering is powered by MGT’s proprietary AI platform, enabling insurance agents to quote and bind coverage in under three minutes. This process aims to enhance both speed and underwriting rigor within the artisan contractor market.\n\nNiall Fitzgerald, Head of Product & Underwriting at MGT, stated, “Agents need insurance products for contractors that are straightforward to place quickly and grounded in sound underwriting. MGT’s Artisan Contractor BOP delivers both, offering a targeted solution that helps agents better serve local contractors while supporting long-term portfolio stability.”\n\nThe Artisan Contractor BOP is designed for contractors with policies beginning at $750 in annual premium, subject to risk factors and coverage selections. This product launch expands MGT’s reach into a new segment of small business owners.\n\nGraham Topol, Co-Founder and Co-CEO at MGT, commented, “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.” Chad Nitschke, General Manager, E&S at MGT, added, “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.”\n\nThis launch follows MGT’s recent appointments of Naydia Chantarasompoth and Annie Pratt, aimed at scaling operations and driving growth. The AI neo-insurer also announced its $21.6 million Series B funding in 2025, designated for expanding insurance coverage for small businesses across the U.
S.\n\nMGT is building its vertical-AI stack to enhance the experience for brokers and insureds. The company is an “A-” AM Best rated carrier with a national presence in both admitted and E&S markets. MGT aims to streamline the commercial P&C insurance buying process for small businesses and their agents, reducing what was previously a weeks-long procedure to minutes.
