The CSLB description of classifications describes a Concrete Contractor as a business that forms, pours, places, finishes and installs specified mass, pavement, flat and other concrete work; and places and sets screeds for pavements or flatwork. This class shall not include contractors whose sole contracting business is the application of plaster coatings or placing and erecting of steel or bars for the reinforcing of mass, pavement, flat and other concrete work.
Certainly, the tools and equipment needed to perform these services can present the risk of bodily injury and property damage, but the concrete contractor should also be aware of injury risks to workers at the job site. Fairbanks Insurance Brokers are committed to providing a package of commercial coverages that can offer financial protection in the event of a lawsuit brought by a third party or demands for reimbursement of medical expenses from workers that are injured on the job.
Here is What We Recommend:
General Liability: Every concrete contractor needs general liability coverage with sufficient limits to provide financial protection in the event of a lawsuit from a third party. The general liability coverage will also take care of defense costs which can contribute significant expenses to a claim.
Workers’ Compensation: The CSLB is adamant that all contractors be responsible for job-related injuries and illnesses to their employees. As such, a workers’ compensation policy not only takes care of injury and illness expenses for your employees, it also prevents your employees from suing your business in the event of a work-related injury or illness.
Surety Bonds: According to California’s Business and Professions Code Section 7071.6, a Contractor’s Bond must be in place before CSLB can issue an active license, reactivate an inactive license, or renew an active license. The bond is filed for the benefit of consumers who may be damaged as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.
Commercial Auto: Typically, all concrete contractors will use light and heavy vehicles in the course of doing business. These vehicles should be insured under a commercial auto policy so that your business can opt for higher liability limits to financially protect your business in the event of an accident.
Tool & Equipment Coverage: Most hand and power tools used by concrete contractors are expensive to purchase if they need to be replaced. Having Tool & Equipment insurance from Fairbanks Insurance Brokers will provide financial protection in the event your tools are damaged by a covered peril or go missing.