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We Offer Contractors General Liability Insurance Policies that are Competitively Priced
Contractor insurance can be costly; however, its benefits completely overshadow the costs. The costs are further minimized when professional agents, like us, come in to play; helping businesses acquire customized contractor insurance at discounted and economical prices.

Our Agents, Holding a Work Experience of over 25 years, Help You Select the Best Contractor Insurance
No matter what the size of your business is, or what its current value stands out to be, our agents help in picking out the most efficient and cost effective contractor insurance for you - assuring you a discount between 20-50% compared to the market price. It can be difficult for companies to self-pick a contractor insurance package which can cover all dimensions, namely contractor general liability insurance, commercial auto, tools, equipment, and contractors’ workers’ compensation insurance. Our experienced and dedicated agents help in picking out and creating the most effective package, customized uniquely, according to the needs of businesses.

Call or Submit Information Online to Get Your Free Quote Today
The services offered are available at your disposable and the agents assure a plan is designed shortly after a business tries to reach us. Feel free to contact us for any questions or more information regarding our services.

Not Having Contractors Insurance can Bring Financial Ruin
One can never be too sure about the financial risks involved in a contracting business. A reaping business can completely fall if it fails to acquire contractor insurance. Due to its immense need, contractor insurance is highly necessary to obtain for a contractor before starting business. It not only provides financial securities, but also helps acquire better clients and contracts since many companies wish to work with stable and secure businesses.

Commercial General Liability Insurance
Commercial General Liability Insurance is a protection against liability claims that businesses can enjoy, should there be any injury of any kind: bodily injury, property damage, and personal injury, and advertising injury (claims of slander and false advertising not part of your professional services). Premises/operations coverage: This protects businesses from property damage that may have occurred on the business’ premises, even the rented ones, or by business’ operations. Products/completed operations coverage: This type covers all the property damages and bodily injuries that occur away from the business’ premises and is due to the business’ operations or completed products.

Excess liability
Excess liability provides additional protection to businesses from liabilities that exceed the dollar limit of any underlying policy, CGL in this case.

Umbrella insurance
Umbrella insurance is different from excess liability. Umbrella insurance is also a liability policy that covers above the limits of coverage provided by policies underneath such as commercial auto and commercial general liability.

Claims-Made Versus Occurrence Policies
Regardless of when the claims were first made, Occurrence policy protects businesses against claims of property damage or injury regardless of when the losses are reported.
On the other hand, Claims Made policy takes both, the time of damage and the time the claim was made to the insurer in account. Both should occur during the time when the policy is in force and only then do businesses enjoy protection against liabilities. In case one or both of these considerations fail to comply, a special coverage is purchased or arranged with the insurer. This special coverage can take one of the two following forms:


1. Prior Acts Coverage: Includes all damages that occurred before the policy period began but were reported as soon as the policy was in force. A “retroactive date” is set as a benchmark and all damages after this date are taken into consideration. However, claims that were known when the policy period began are excluded from this coverage.

2. Run-off Coverage: Also called the extended reporting period. This special coverage protects against damage claims made after both the policy period and an extended period, of usually about 30-60 days provided by the insurance company, has expired. Run-off Coverage usually charges premium and can be extended up to 5 years or even more.

As a precaution, companies whose claims-made policies are about to expire, may buy extended reporting period from the insurer.

Workers' Compensation Insurance
This insurance coverage ensures full medical coverage of employees who get ill or injured during their period of employment due to the business’ operations. Ranging from the smallest of injuries like wrist pain to God forbid extreme accidents, the company is bound to provide monetary benefits to the employee under this insurance.

To protect the rights of employees, reduce the need to litigation, and to make the process easy for employees, most states like California have made it mandatory for companies to provide this insurance to its employees, even if it’s just one part-time employee.

However, also of importance is the fact that workers compensation insurance is not a health insurance. For disability income coverage caused by injuries not work related, disability Insurance is the remedy.


Commercial Auto Insurance
This coverage policy covers damages that company automobiles and commercial vehicles, used for the company’s operations like carrying of any work related goods, equipment, or materials, face during on-the-work operations. The driver is also liable regardless of fault should there be any injuries and damages.

The most common type of commercial auto insurance is liability coverage; however, other types of insurances like collision, physical damage, comprehensive, uninsured and underinsured motorist and medial payment may also be considered. The cost of insurance may vary due to many factors for instance, type of vehicle, parking locations, and safety devices like airbags and seatbelts etc.

Builder’s Risk Insurance or Course of Construction Insurance
This insurance policy covers against damages that may occur during the construction of a building. It ensures monetary insurance to builders for damages to the building, equipment, fixtures and/or materials that may get damaged due to a covered cause.

Buildings under construction can face a number of mishaps like fire, damaged caused by heavy winds, or even the falling of a site worker. Builder’s insurance usually covers such mishaps; however, accidents caused by natural calamities like earthquake, floods etc are not included. Also, the coverage is only provided during the construction period and usually terminates when the property is ready for usage or occupation.

What is 'Additional Insured' Endorsement?
Additional insured refers to a person or organization identified as an insured under an insurance declaration, in addition to whomever the insurance policy is named to. After the endorsement is signed, that entity will enjoy same benefit similar to the named insured including the filing of claims, and will be protected under the insurance policy.

What is Certificate of Insurance?
Certificate of Insurance (COI) is a document issued by an insurer to the policy holder to certify that an insurance policy has been acquired. The certificate shows specified information regarding the insurance, such as the type of insurance coverage, the effective date of the policy and the amount of the applicable liability. However, the certificate is not a substitute to the actual policy document and it is a non-negotiable document that cannot be assigned to a third party.

What are Loss Runs?
Loss runs are reports compiled and generated by the insurance company that records a detailed history of the claims information of each policy holder. Even if a policy holder has no filed claims, a loss run report should still be generated to reflect no losses. Every insured has the right to receive a copy of loss runs report from their insurance company and this is available without any additional charges.

What is Waiver of Subrogation?
Waiver of Subrogation is a type of endorsement on an insurance policy wherein the insurer waived its right to pursue any claim and take legal actions against the responsible party for the loss suffered by an insured. For instance, the landlord of an apartment signed an agreement with his tenant stating that they would not be held liable for any damages occurred to the rental unit. If any damages occur, the landlord will file claims to his insurer for the damages incurred in his property. However, the Waiver of Subrogation will prohibit the insurance company from coming after the tenant for the damages incurred in the property.

What is Primary and Non-Contributory Wording Endorsement?
Primary and non-contributory wording endorsement is commonly used in general liability insurance policy to stipulate the order on how the insurance company will respond on multiple policies. The term primary on your insurance policy means that the insurer will pay you first in the event of a claim, and the non-contributory means that the insurer will not only pay you first but will also pay the full amount of your claim.

Owner Controlled Insurance Program (OCIP)
OCIP is an insurance coverage provided by a property owner to contractors and subcontractors during a renovation or construction project. This type of insurance coverage is generally designed for big projects whose total constructions costs exceed $5 million. It covers all the liability and possible losses that may arise during the period of the project. As the project owner is acquiring all the necessary insurance coverage for the project, contractors and subcontractors do not include the cost of individual insurance in their bids for the project.

In OCIP, all the necessary insurance coverage for the whole project, including the construction, workers’ compensation, hazard, materials, terrorist and other building-related insurance coverage are acquired by the project owner as part of a single insurance policy from a single insurance company.

OCIP also provides standardized insurance coverage with high liability limits for all the contractors and subcontractors, and this can reduce the construction costs by approximately one percent to two percent compared to traditional insurance policies acquired by each contractors and subcontractors.

Most OCIPs are multi-year coverage with fixed duration, with the most typical duration is between two and five years. This insurance coverage normally applies to all the contractors and subcontractors working on the project site, which includes the main constructions site, lay down yards, storage areas and on-site fabrication.


Advantages of OCIPs for Owners
1. Cost. The acquisition of OCIPs can result to two to three percent bid reduction. This can be achieved through premium credits for a volume purchase of insurance coverage by project owner.

2. Scope of Coverage. Project owner has a guaranteed wide insurance coverage for their OCIPs as compared to traditional non-OCIP policies, which an owner sets minimum insurance requirements.

3. Improved Risk Management. With OCIP’s single insurance policy, risk control management and claim handling are greatly improved, and dispute among contractors and subcontractors are easily resolved with the limits of the insurance policy.

4. Policy Limits. In OCIPs, project owner can provide more than $800 million in insurance coverage to contractors and subcontractors, in contrast to traditional non-OCIP policy where it can only carry less than $1 million in CGL coverage.

Advantages of OCIPs for Contractors
1. Safety and Loss Control. The implementation of a wide risk control management program can enhance existing safety programs of the participating contractors, reducing injuries and other construction hazards to employees.

2. Claims Management. The large management program of project owner through the OCIP can result to coordinated and easy claims handling procedures.

3. Dispute between Contractors. By covering all of the project’s contractors, disputes and subrogation issues between insurers and contractors are eliminated. In traditional non-OCIP programs, contractors/subcontractors and project owner are represented by different insurers and lawyers, and this potential source of conflict is eliminated in the OCIP program.

4. Higher Limits. Smaller contractors and subcontractors are allowed to participate in the projects that need higher liability limits.

5. Small or Minority Contractors. Project owners provide insurance coverage to smaller or minor contractors who do not have the capability to secure necessary insurance coverage for bigger projects.

Disadvantages of OCIPs for Owners
1. Administrative Burden. OCIPs increased administrative burden to the part of the project owner, and if not managed competently, it could lead to additional cost to the owner.

2. Market Risk. Premium cost for the OCIP can increase if the insurance market hardens, which could potentially hurt the project owner.

3. Bid Preparation. Additional costs and preparations are needed in imposing an OCIP programs, which is a time consuming and brings additional work to the project owner.

Disadvantages of OCIPs for Contractors
1. Limited Insurance Coverage. OCIP is designed to provide insurance coverage for work performed on the project. However, this coverage is normally subject to various exclusions which could lessen the coverage to the contractor compared to what they could get in traditional insurance policies.

2. Complicated Bidding. A complicated bidding process is required to demonstrate that the insurance coverage has been removed from the contractor’s bid price.

3. Documentation Requirements. Projects with OCIP have more paper works and report intensive, imposing additional administrative burdens to contractors and subcontractors.

What is General Liability Insurance?
A type of insurance coverage that provides protection to the insured in case he/she is sued for claims that arise within the coverage of the policy. This type of insurance policy is common for businesses and companies, as it provides protection when negligent acts resulted in bodily injury or property damage on the business premises, or when someone is injured as a result of using the distributed or manufactured product of the company.

What is Property Insurance?
It provides protection to any types of property against the risk that most likely arise, including fire, theft, vandalism, etc. This kind of insurance coverage has various specialized forms such as home insurance, flood insurance, fire insurance, boiler insurance or earthquake insurance. The property is also insure in two main ways — the named perils and open perils.

• Named perils – this type of policy that provides insurance coverage for damage-causing events that are only specified in the policy documents.

• Open perils – this type of policy covers all forms of losses and damages caused to the insured property.

What is Business owner’s policy (BOP)?
BOP is an insurance policy that combines protection against major property and liability risks in one package. It is commonly comprised of property insurance, liability insurance, auto insurance, crime insurance and business interruption insurance. Business owner and the insurance company can make arrangement on what to include in the insurance policies, depending on the company’s needs.

What is Commercial Auto Insurance:
An insurance premium purchased to protect a company’s vehicles such as cars, motorcycles, trucks and other road vehicles. Its primary use is to provide protection against physical damages and bodily injury resulting from accident specially traffic collision, as well as against liability that could arise after.

What is Worker’s Compensation Insurance?
Worker’s compensation is a type of insurance that provides medical benefits and wage replacement to employees who suffered from injuries or accident during the course of his/her job. This type of benefits is claimed by employees as a matter of rights and the employer cannot resort to any legal actions made by affected employee. Thus, the benefit is given to the employees in exchange for waiving their legal rights to sue their employers for the incident.

What is Professional Liability Insurance?
Also known as Errors and Omissions Insurance, Professional Liability Insurance is a type of insurance policy that gives protection to professionals such as lawyers, accountant, property agents, etc. against negligence or other claims imposed by their customers. Each professional who have expertise in a specified field are required to obtain this type of insurance coverage because general liability insurance policies do not offer insurance coverage against claims arising out of professional or business practices like misrepresentation, negligence or malpractice.

What is Directors and Officers Insurance?
Directors and Officers Insurance is risk-reduction insurance coverage for directors and other senior officials of an organization. This type of insurance policy protects senior executives of the company against their direct actions that could affect the financial status and operation of the company. Insurance claims under this policy includes reimburses, either in partial or in full, the costs resulting from lawsuits faced by senior executives arising out of their poor management decision, shareholder grievances, employee dismissals and among others.

What is Data Breach Insurance
A data breach is a security incident wherein sensitive, confidential and protected data stored in a computer system has been hacked, stolen, used or viewed by unauthorized person. Data breaches may involve personally identifiable information (PII), personal health information (PHI), intellectual property or company’s confidential information.
To protect the company against such risk, data breach policy is offered and covers variety of losses including the cost of restoring or recovering lost data; responding to a data breach like payment of credit monitoring and cost of notifying customers; lawsuits filed by those customers whose data was disclosed; interruption of business operations caused by data breach; and defending regulatory measures like regulatory fines.

What is Homeowner’s Insurance?
Homeowner’s insurance is the most common type of insurance policy and offers broad protection packages that typically covers the policyholders, his/her spouse and children living in the same household. Its primary coverage includes protection against damages to the home as well as the items inside the home caused by fire, personal liability exposure and other similar perils. Although common homeowner’s insurance does not cover some events such as floods, earthquakes or other ‘act of God’, policy holder can acquire additional supplementary policies that cover such eventualities.

What is Renter’s Insurance?
Renter’s insurance is similar to homeowner’s insurance but the insurance coverage only applies to the tenant of the home. It provides insurance coverage for the policy holder’s belongings and liability against theft, fire, vandalism or other means of damage to the tenant's personal property within the rented property. This kind of insurance coverage applies to any individual renting or subletting a single-family home, duplex, condo, apartment, townhouse or loft.

What is Life Insurance?
Life insurance is intended to protect a family against the financial hardship that accompany the premature death of the policy holder. This kind of insurance has two options:

• Term Insurance – provides insurance coverage at a fixed rate of payment and limited period of time. This means that if the period expires, the coverage of the premiums you have paid is no longer valid. This option is a pure death benefit and its primary purpose is to provide financial benefits and assistance upon the death of the policy holder.

• Permanent Insurance – provides insurance coverage to the policy holder as long as he/she pays for the premium. It can never be cancelled and it is designed to pay out a benefit in all cases, thus this type of premium is much expensive compared to term insurance.

Contractor Insurance Beneficial Necessity
Contractor insurance is an extremely important protection for many professionals who make their living through contracted building and development work. Along with general contractors, other professionals that rely on the protection offered by contractors insurance include: Builders, developers, trade and artisan contractors who specialize in such processes as carpentry, plumbing, masonry, electrical, concrete, roofing, HVAC and more. Many contractors have been saved from business and financial ruin because of the protection afforded to them from some form of insurance.

The best avenue to find the most advantageous contractors insurance products is insurance specialists who are experts in these types of products. The good news for prospects is that most of the top providers of contractor insurance products are accessible online. Online specialists provide an extremely effective and efficient way to learn about the best insurance products. Agencies that specialize in these contractors insurance products also offer the most cost-effective solutions because of their ability to put together customized solutions that offer the coverage clients need, without the excess costs they do not need.

As one of the largest states in terms of building and new construction development, California is a hot bed of building contractors. This means that with all of the contractors working, there is a huge demand for contractor insurance protection at an affordable cost. The good news for these contractors is that there are opportunities to find honest and dependable specialized insurance carriers that offer protection required in California.

The coverage a contractor needs is dependant on the type of work he or she engages in as well as the risks associated and protection desired. The general purpose of contractor insurance is to provide financial backing for a contractor who is liable to a client who hires the contractor to perform a certain job. The most purchased type of contractors insurance is general liability insurance. As with other types of insurance, contractor general liability offers the widest protection and is most useful to a company or individual engaged any many facets of contract work. There are maximum payouts on the insurance, generally $1 million to $2 million for each type of protection. Contractors protected by a good plan are usually secured against reasonable financial loss due to problems linked to the contractors work. The most complete protection can be found from adding some more specific types of coverage to the general liability protection. The good news for contractors in California is that there are contractors insurance specialists such as us who offer great California contractor general liability insurance plans.

Worker’s compensation is a common contractor insurance purchased by many contracting companies for their employees. Workers comp insurance is a compulsory type of coverage. This protection helps the employer cover the financial burden of an employee who is injured on a job. The workers compensation insurance generally offers income, medical and rehabilitation benefits for injured employees involved in work related accidents. Some plans also include a death benefit payable to survivors.

Inland marine insurance is another specialized type of contractor insurance. This contractors insurance protects goods that are in transit over land. Many contractors move materials and goods routinely and this allows them to expect the high costs of those items. Tools, equipment and installation floaters are all considered inland marine insurance and are considered essential types of insurance for contractor.

Disability insurance is another common type of contractors insurance used by contractors and many companies, for that matter. This provides for the income needs of people displaced from work for a period of time due to injury. It is commonly referred to “Accident and Health Protection”. Health and life insurance are other types of coverage purchased by contractors.

Another common type of protection for contractor is surety bonds. A surety bond is a financial instrument not an insurance policy. A Surety Bond is a financial instrument utilized to guarantee performance. A building developer hires a general contractor and the contractor is unable to perform on his obligation to complete a building on time or as agreed, developer may look to sue contractor for not performing as promised. A performance bond provides protection for this type of exposures. License and permit bonds are required by the cities, municipalities or state. It guarantees compliance with the local, state, or federal codes. Another reason for requiring a license bond is to provide protection to the consumers. Along with contractor workers comp insurance, California contractors are required to have contractor license bonds.

It is quite obvious that companies and individuals that are involved in building development need to protect themselves from huge financial liability. Even small operations need adequate protection as a company need not be large to be a target of a builder looking for retribution. Many companies hire top contracting talent by promoting the excellent liability and contractor protection they maintain. Contracting work is often challenging and sometimes dangerous. It is important for workers to know they will be taken care if injured in the line of duty.

Contractors that either want more complete protection are want protection more customized to their limited needs might opt for other types of contractors insurance.

Liability Quote
Commercial Auto Quote
Workers Comp Quote
Course of Construction Quote
Tools and Equipment quote
Surety Bonds


Contractors Insurance Applications Fax Forms:

Artisan Contractors Liability Insurance
Builders Risk Insurance
Certificate of Insurance Request Form
Contractors Insurance - Package
Contractors Liability Insurance
Contractors Tools and Equipment Insurance
Course of Construction Insurance
Electrical Contractors Insurance
Excavation and Grading Contractors Insurance
General Contractors Insurance
HVAC Contractors Insurance
Plumbing Contractors Insurance
Remodeling Contractors Insurance
Roofing Contractors Insurance
Swimming Pool Contractors Insurance
Tradesman Contractors Liability Insurance
Workers Compensation Insurance
California Contractors Insurance

Specified Professions Professional Liability
Architects Engineers Professional Liability
Subdivision Surety Bond
Contractors License Bond - CA
Surety Bond Financials
Surety Contract Bond

 

 

 

 

 

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