When it comes to Construction Insurance in California, three things matter most: savings, service, and speed. At Fairbanks Insurance Brokers, we deliver fiercely competitive rates without sacrificing the coverage you need to protect your business. California contractors want a Certificate of Insurance quickly, at a price that won’t break the bank, and without all the hassle. We’ve got you covered.

Understanding construction insurance is key to safeguarding your business and staying compliant with state regulations. Fairbanks Insurance Brokers offers a range of insurance solutions, including Contractor Liability Insurance, License Bonds, Workers’ Compensation, Commercial Auto, and Tool and Equipment Insurance (Inland Marine). Let’s run through the essentials so you can focus on what you do best—growing your business.

Contractor Liability Insurance in California

What Is Contractor Liability Insurance?

Contractor liability insurance, or general liability insurance (CGL), protects your business from financial losses due to property damage, bodily injury, or personal and advertising injury claims resulting from your work.

Why Is It Important for California Contractors?

• Financial Security: Provides protection for legal fees, medical expenses, and damage claims made against your business.
• Client Confidence: Shows you’re prepared for the unexpected, helping you win and retain clients.
• Compliance: Required by many municipalities and clients in California to operate as a contractor legally.

California Contractor License Bonds

What Are Contractor License Bonds?

A contractor license bond is a guarantee to the state of California that you’ll adhere to all laws, regulations, and business practices. It protects clients if you fail to meet your contractual obligations.

Why Are They Important?

• Legal Compliance: A requirement for most contractors in California to obtain a license.
• Consumer Protection: Protects your clients if you fail to meet your obligations.
• Trust & Credibility: Establishes your reliability and professionalism with potential clients.

Bond Amounts

The California Contractors State License Board (CSLB) sets these bond limits:

• $25,000 for the Contractor License Bond
• $100,000 for the LLC Employee/Worker Bond

These bonds ensure you meet the California Contractors State License Board (CSLB) requirements while protecting your clients and workers.

Workers’ Compensation Insurance

What Is Workers’ Compensation Insurance?

Workers’ compensation insurance covers medical costs and lost wages for employees injured on the job. It’s essential coverage for any business in California with employees.

Why Is It Important?

• Employee Protection: Covers medical bills and lost wages for employees injured at work.
• Legal Requirement: California law mandates all employers provide workers’ compensation.
• Business Protection: Shields your company from costly lawsuits and medical expenses.

Commercial Auto Insurance

What Is Commercial Auto Insurance?

Commercial auto insurance covers vehicles used in your business operations, whether transporting materials or traveling to job sites.

Why Is It Important?

• Asset Protection: Covers repair or replacement costs if your vehicle is damaged.
• Liability Coverage: Protects you if you’re at fault in a work vehicle accident.
• Compliance: Required in California for vehicles used for business purposes.

Tool and Equipment Insurance (Inland Marine)

What Is Tool and Equipment Insurance?

Tool and equipment insurance, or inland marine insurance, covers your business’s tools, machinery, and equipment.

Why Is It Important?

• Protects Equipment: Covers the cost of replacing or repairing damaged, lost, or stolen equipment.
• Business Continuity: Ensures you can keep working if something happens to your critical tools.
• Coverage on the Go: Provides protection for equipment while it’s in transit or stored on job sites.

Top Construction Classes We Serve

At Fairbanks Insurance Brokers, we specialize in providing tailored insurance solutions for a wide range of trades. Our top construction classes include:

• Landscaping Contractors
• Concrete Contractors
• Tree Trimming Contractors
• Painting Contractors
• Flooring Contractors
• Electrical Contractors
• HVAC Contractors
• Plumbing Contractors
• Roofing Contractors
• General Contractors

In addition to these trades, we also cover many other types of contractors across California. Whatever your trade, we understand the unique risks you face and offer customized insurance packages to fit your business. No matter the type of contractor, we’re here to help protect you.

Our Service Areas

We proudly serve contractors all across the Golden State. From the coast to inland projects, we’ve got you covered. Our service areas include:

• Los Angeles
• San Diego
• San Francisco
• Sacramento
• Fresno
• Long Beach
• Oakland
• Bakersfield
• Anaheim
• Riverside

…and all their surrounding areas!

Protect Your Business with California Construction Insurance

Having the right construction insurance is crucial to the success and safety of your business. It not only protects your financial interests but also builds trust with clients and ensures you meet California’s legal requirements. Most importantly, it gives you peace of mind knowing you’re covered when the unexpected happens.

Get Your Coverage Now!

Ready to secure your California construction insurance?

Call us at (866) 805-3800 or visit us online to get started.

Fairbanks Insurance Brokers – California’s Ultimate Source for Discount Contractors’ Insurance!