Contractors’ insurance protects against the financial risks present at all stages of business operations.
California contractors of all trades and sizes are not immune to the daily hazards that leave businesses financially incapacitated if not adequately safeguarded from third-party property damage or injury. Employee injury is one of the most significant risks that construction companies are up against on a day-to-day basis. The use of power tools, heavy equipment, and slip, fall, and pinch hazards can all lead to serious workplace injuries, even if strict safety protocol is in systematic order.
A formidable California contractors’ insurance package will safeguard your business in the event of an unforeseen incident.
All contractors, subcontractors, and specialty contractors intending to operate in California are encouraged to visit the Contractors State License Board and review the state requirements to become licensed or bid on a project.
With affordable rates fit for any budget, our contractors’ insurance experts are standing by to assist California builders and tradesmen with the critical coverages needed to reduce financial risk with an affordable commercial insurance portfolio.
Contractors’ general liability is the understructure of a commercial insurance package for contractors operating in California.
California contractors’ general liability protects against third-party lawsuits, bodily injury, and property damage claims.
California contractors’ general liability insurance places a financial hedge around your business that protects you with the following coverages:
The CSLB requires California contractors’ workers’ compensation insurance to financially protect workers if they are injured or become ill on the job.
California contractors’ workers’ compensation pays medical costs and lost wages for employees unable to work from a job-related injury or illness.
Employers that fail to carry California contractors’ workers’ compensation can face heavy fines, lawsuits, and criminal charges.
The CSLB requires a California contractor license bond to become licensed.
Most private and governmental project owners or managers require a California contractors’ surety bond from the start of the bidding process until the project is complete.
The California contractors’ surety bond is a financial guarantee to perform the work according to the terms of the project agreement.
A California contractors’ surety bond protects consumers damaged from defective construction, license law violations, and employees with wages due to them.
A California contractors’ license bond acts more as a business line of credit than a California contractors’ insurance policy.
California contractors’ commercial auto coverage protects your business vehicles if damaged in an accident, stolen, or other covered peril.
California contractors’ commercial auto insurance provides up to $1 million combined single limits.
California contractors’ commercial auto coverage has no limitation on the number of vehicles or drivers to be added to the policy.
California contractors’ inland marine provides all perils coverage for tools, equipment, and mobile machinery.
California contractors’ tools and equipment coverage financially protect tools and equipment at the job site, in transit, or storage between projects.
California contractors’ inland marine (contractors’ tool and equipment insurance) protects against fire, theft, and other covered perils.