General Contractor Insurance in California

Why do general contractors need insurance in California?

Construction sites can be dangerous to be. A simple accident could create an expensive liability issue for small-scale companies, regardless of regardless of whether you are working on commercial or residential projects. Insurance for contractors protects California companies from expensive delays, accidents and other issues that are common to many businesses.

Contractor insurance is a shorthand term for different types of coverage a general contractor might think about.

• General Liability
• Business Owner’s Policy
• Workers’ Compensation

Find out more about California contractor insurance and how BizInsure can help you to find the right coverage for your requirements.

What are the most common insurance policies for California contractors?

California tradespeople consider several types of insurance for contractors. These insurance policies can assist you in coping with the most common risks that contractors face while working.

General Liability Insurance

At the construction site, anything can occur. Even a simple mistake, like leaving your tools on the wrong side of the road could cause your business to suffer if someone gets hurt.

General Liability Insurance, also called Commercial General Liability (CGL) or “slip-and-fall coverage”, can protect your company against claims for bodily injuries and property damage from third parties.

Your General Liability policy can protect you against claims by an outside party regarding injury or damage to their property. In these instances, your policy will cover your legal expenses as well as your cost to replace or remedy the situation up to the limits of liability.

Business Owner’s Policy

The construction industry isn’t without its difficulties. It can be difficult to deliver on your commitments when facing interruptions to projects or equipment that is damaged, among other problems.

Business Owner’s Policy (BOP) is a combination of policies, combining covers such as General Liability insurance and business personal property coverage, to help protect small businesses from costly interruptions to service. BOPs can be customized to meet the requirements of your business. This can be a convenient and cost-effective way to protect yourself against many common dangers that general contractors are exposed to.

Workers’ Compensation Insurance

If your business relies on your employees, you need to make sure they are safe and healthy while at work.

Workers’ Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

Any business must have Workers’ Compensation insurance in California if they have one or more employees working at the company.