logo
logo
Sign in

Contractors Insurance in California to Protect Your Business

avatar
BayView Insurance Services
Contractors Insurance in California to Protect Your Business

If you are a contractor in California, you know the need for Contractors Insurance in California. As you already know that your business is different from other professions. You work very hard and get dirty to complete your task.

 


Whether you are building or fixing, you are working very hard every day. You also face various risks that other businesses do not face. Your responsibility is higher, and the damages from a single storm, fire, or theft can be overwhelming. So make sure you have the right policy of contractors insurance in California to protect your business.

 


What Exactly Is Contractors Insurance?


Contractors insurance in California is not available as a single policy can buy. Instead, it is a collection of various insurance coverage policies combined to safeguard your contracting business, regardless of your work location in California.

 


Many contractors require similar kinds of insurance coverage policies, no matter what work you do. Your insurance policy should cover the following:

 


Liability Insurance: You require both General liability and professional liability insurance coverage as a service professional and a business. You will be safe if a client, vendor, customer, or third party claims damages or injuries.

 


Workers' Compensation Insurance: Even if you have one employee, whether part-time or full-time, you must buy workers compensation insurance California according to law. This protects both your employees and you if an employee is hurt on the job.


Commercial Auto Insurance: Whether you are driving a new or old beat truck you have owned for years or investing in company vehicles, you require buying a commercial auto insurance coverage policy. Your personal auto insurance policy won't cover accidents that happen while you're on the job.


Commercial Property Insurance: If you are doing work from a workshop or an office, you must have commercial property insurance. Fire, vandalism, theft, and storms can all cause significant damage to your property. With the right policy for contractors insurance in California, You can get back to normal work as soon as possible following a tragedy or accident.

 

Business Interruption Insurance: You lose money when you have to stop working on a job site or servicing clients due to a covered danger. You are unable to pay your suppliers, subcontractors, employees, or yourself. Your income will be covered by business interruption insurance until you are back up and running.

 

Tools & Equipment Insurance: You cannot work without your tools & equipment. When damage, theft, or any other insurance risk puts you out of contract, your tools & equipment are protected. You can have them replaced or repaired immediately so you can get back to your work.

 

Builder's Risk Insurance: Anything like theft, vandalism, fires, or big storms can happen when a building is under construction. With the builder's risk coverage, you are protected from many risks, even if you have to rebuild the building entirely.

 

Who Requires Contractors Insurance In California?


Any sort of contractor operating in California requires contractor's insurance to safeguard themselves and their company. From general contractor services to more specialized services, you require a set of insurance policies tailored to your specific contracting business.

 

Regardless of your contracting business, you need the right contractors insurance in California to safeguard yourself, your employees, and your business.

 

For instance, if your company owns a vehicle, you need to obtain a commercial auto insurance policy to comply with state regulations.

If you have a business lease with a physical location, your property manager can compel you to acquire a general liability insurance policy. General liability insurance, which general contractors in California commonly obtain, can protect your company from charges related to ordinary catastrophes, like customer property damage & injuries.

 

To meet state regulations in California, general contractors must buy workers compensation insurance California, which covers lost wages & medical expenses for work injuries.

 

You may also require builder's risk insurance or surety bonds, according to your clients and the sort of work you perform.

 

BayView Insurance Services will provide you with all details regarding contractors insurance in California. Visit us to get specialized insurance coverage policies in California for special trade & general contractors. Whether you are starting a new business or an expert contractor, we can modify our insurance policy package to meet your business requirements. Get in touch with BayView Insurance Services!

collect
0
avatar
BayView Insurance Services
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more