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Insurance for CA Contractors
California is a state that has never really stopped growing. Opportunities abound here for contractors of all kinds, but so do more than a few pitfalls. This is why having the right insurance for CA contractors is such an important requirement before one can do business in the Golden State. While California offers a wide range of business opportunities, certain areas of it are also frequently beset by natural disasters, which could prove costly if it affects you and you don’t have the insurance for CA contractors that you need. What’s more, the state is also known for being fairly litigious, which makes it even more imperative for contractors to be fully covered in all aspects.
Options in Insurance for CA ContractorsInsurance for CA contractors usually begins with a worker’s compensation insurance policy, as well as general liability insurance. Many contractors don’t stop here, however, since these two policies don’t cover everything. If your business uses a vehicle or vehicles, for example, which it likely does, then you’ll need commercial auto insurance.Taking out a commercial auto insurance policy ensures that you are protected from liability should any of the vehicles you use become involved in an accident. Physical damage coverage is provided, as well. This is one of the most important kinds of insurance for CA contractors, since contractors often spend a great deal of time on the road. The coverage offered is in many ways similar to that of your personal auto insurance policy, it’s just augmented by other business-specific coverage, such as motor truck cargo insurance, which offers protection if cargo in transit has been damaged, lost or stolen. An auto insurance policy is not optional in California. The state’s Vehicle Financial Responsibility Law holds all drivers and owners to be financially responsible for what they do on the road. The required minimum liability insurance for private passenger vehicles is at least $15,000 for causing injury/death to one person; $30,000 for injury/death to more than one person; and $5,000 for damage to property. Discover what other options in insurance for CA contractors are currently available. Consult with one of our California contractor’s insurance specialists at ContractorsInsurance.org for more in-depth information. You can give us a call at (516) 294-1072, send us an email, or request a free quote today. |
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