Contractors and subcontractors operating in Georgia are not as regulated as they are in many other states. According to the Secretary of State’s office and the Georgia Board of Residential Contractors, only residential and commercial contractors are required to obtain a license from the state. According to the rules posted by Georgia’s Secretary of State, the following kinds of work projects will require a license:
Although the State of Georgia appears to be rather lenient when it comes to licensing contractors and subcontractors, your business will always be exposed to certain risks that could eventually result in a legal action and have a substantial impact on the future of your company.
Your contractors general liability policy lays the foundation for well-planned business insurance
portfolio. Your general liability will cover your business for various different contractor’s risks:
Arizona is considered an NCCI State when it comes to workers’ compensation. This means that classes and rates are set by the National Council on Compensation Insurance. The state of Arizona requires all contractors with at least one employee to carry workers’ compensation and enforces substantial fines for businesses who neglect this rule. Your workers’ compensation protects your business and your employees. Employees are covered for injuries and illnesses that are work related and cannot file claims against their employer if a workers’ compensation policy is in force.
Arizona contractors that use vehicles for commercial purposes should only depend on commercial auto insurance to cover their liability for injuries or property damage and repair or replace their vehicles in the event of an accident or theft. Contractors that rely on personal auto insurance will likely find that coverage will not be available if the vehicle is regularly used for commercial purposes.
Your tools and equipment are not covered under your business property or commercial auto policy
while in transport, in storage, or at the jobsite. Fairbanks Insurance Brokers provides affordable toll and equipment coverage using Inland Marine Insurance coverage.
Fairbanks Insurance Brokers is a leader in providing contractors insurance and is dedicated to providing Contractors and Builders the finest insurance protection at the lowest rates throughout the construction community.
With savings up to 65% on General Liability, Workers’ Compensation, Commercial Auto and Bonds, you can count on us to do the heavy lifting and provide you the most competitive quote that includes all the discounts for which you qualify.