Williams Commercial Insurance Services LLC Blog
How to Buy California Contractors General Liability Insurance 1. Look up your contractors license number at www.cslb.ca.govWrite down your license number, the year you were licensed and your license classification(s). 2. Draw up a list of ALL of your operations (i.e, plumbing, electrical, painting, remodeling, home building, etc) 3. Determine what percentage of your work is residential, commercial, and industrial. 4. Determine what percentage of your work is new construction ver...
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Posted June 21, 2011 at 11:39 AM
Do Contractor’s Know What They’re Getting There are several relatively new policy form options available. These options have increased in recent times, including the introduction of limited reporting periods, or “sunset clauses” and “first manifestation provisions.” These options significantly modify or deviate from the most recent ISO Commercial General Liability (“CGL”) policy form, CG 00 01 12/04. Understanding the options is important for many reasons, includi...
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Posted May 09, 2011 at 08:02 AM
What is the difference between contractors general liability coverage, contractors professional liability and builders risk coverage? These three actually cover different areas of the contractor's business. And each of these policies excludes cover for the others, unless the insurance company can work out the cover for one of these products to be included in one policy. Builder's risk insurancecovers the contractor's materials, equipment and property related to the building being constructed....
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Posted May 09, 2011 at 08:00 AM
Contractors are required to purchase contractor license bonds before they can legally do construction work in certain states. Unfortunately, construction professionals usually don't know what to expect when it comes to getting contract bonds. For example, new contractors often don't realize that they have to pass a financial review before a surety provider will issue them a bond. Acquiring a basic understanding of contract bonds now can help make the process much easier for contractors later....
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Posted May 09, 2011 at 07:49 AM
California Employment Practices Liability Insurance Employment practices lawsuits have become an accepted part of the workplace in America. These lawsuits are based on allegations of wrongful termination, discrimination, sexual harassment, invasion of privacy, slander as well as a host of others.The truth is insurance companies lose these lawsuits with alarming frequency and the financial hits are beyond steep. Currently, the average plaintiff's verdict in employment practices lawsuits e...
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Posted May 08, 2011 at 11:58 AM
