|
|
|
|
       |
 |
|||
 |
California Contractors Insurance
Having the right California contractors’ insurance is one of the essential components to the success of your contracting business. Whatever the size of your company and whether you’re a general contractor, a painting contractor, a roofer, or a carpentry contractor, getting California contractors’ insurance should be next in importance only to getting or renewing your license.
Beyond General Liability and Worker’s Compensation InsuranceGeneral liability insurance and worker’s compensation insurance are the two basic kinds of insurance that contractors should carry (the latter is actually a requirement of licensure). Without either it is virtually impossible to build a successful contracting business in California, or practically anywhere else in the country, for that matter.General liability insurance will protect your company from financial loss whenever a lawsuit is filed against you. If you are found legally responsible for the injury or damage that a third party sustains, your general liability insurance will cover the damages that will be awarded to that third party, as well as the costs that mounting a legal defense will incur. Worker’s compensation insurance serves to provide compensation to your employees who are injured on the job or who develop an occupational disease. These, along with commercial auto and truck insurance and disability insurance, are the most common kinds of insurance policies that contractors usually take out. While generally comprehensive enough, however, they do not cover every situation and this is where taking out an inland marine insurance policy will come in handy. Don’t let the name confuse you, inland marine insurance is frequently used by individuals and businesses that have nothing to do with anything nautical. Inland marine insurance is commonly understood to provide protection for projects being constructed and goods that are being transported, as well as valuable tools and equipment. As a contractor, you probably travel a lot and doubtless bring your tools along with you. If your equipment gets stolen or damaged while in your vehicle, for example, this is where your inland marine insurance can kick in and protect you from the loss. If you’d like to know more about the different kinds of insurance policies available, please explore the site. You can also get a free quote here by clicking on one of the buttons to the right. |
 |
      |
 |
|||
