For contractors working in the state of Kansas, the good news only well drillers and asbestos abatement contractors are required to be licensed by the state, the bad news is, all other contractor licensing is governed by each city or county you plan to be operating in. Here is a list of all Kansas county websites and here is a list of all Kansas cities websites.
It’s important for contractors operating in the state of Kansas to understand that whether you are operating as a licensed contractor or subcontractor, there certain risks that your business will be exposed to day in and day out.
Your contractor’s general liability policy provides a package of coverages that will protect your company if you are found liable in a legal action. You can take advantage of these coverages with a very affordable premium:
The state of Kansas department of labor requires that all employers with employees with gross payroll over $20,000 carry workers’ compensation insurance. Sole proprietors and partnership wages paid to any owners or the owners’ family, do not count toward the total payroll. Contractors should keep in mind, however, that they are liable for medical expenses of any employee or uninsured subcontractors who are hurt on the job unless they have a workers’ compensation policy in force.
Since personal auto policies typically exclude business vehicles from coverage and do not offer limits high enough to protect your business, every business with business vehicles and trailers should have a commercial auto policy in place. Generally there is no limit on the number of vehicles to be covered and most carriers will offer limits up to $3 million.
The best method to protect tools and equipment in storage, in transit, or at the jobsite is by transferring
your risk of damage and theft of tools and equipment to a highly rated insurance company. Fairbanks Insurance Brokers represent multiple insurance companies that will provide tool and equipment coverage at a very affordable price.
In most cases, a surety bond is required by licensing boards, commercial customers, and government organizations that you do business with. It’s important to understand that a surety bond is not insurance but similar to a line of credit that is available if because of your business operation, a customer must redeem it. It’s important to note that if a surety bond is redeemed by your customer, the funds will have to be repaid to the bonding company.
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.