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How Much is General Liability Insurance for a General Contractor?

How Much is General Liability Insurance for a General Contractor?

As a contractor, there is a lot of insurance coverage you need in place to run a profitable, protected business. Construction sites, regardless of size, are risky places to work, so it's important that you have General Liability coverage to protect you from minor to major accidents that can occur. But with all the other coverage that you have to purchase, finding the right quote can be confusing and stressful. Let us help you ...
October 25, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
Equipment Insurance: What It Does and Who Needs It.

Equipment Insurance: What It Does and Who Needs It.

When running an active work site, one of the most important pieces of the puzzle in addition to your workers, is the tools they hold. Accidents happen all the time; tools and equipment are often lost, broken, or otherwise put out of commission. However, the job must go on, and replacing all of the tools and equipment using the money out of your own pocket can rack up fast. Learn about equipment insurance coverage ...
September 20, 2023By InterWest Insurance Contractor Insurance, Tool and Equipment Insurance 0 Comment Read More »
Your Guide to Course of Construction Insurance

Your Guide to Course of Construction Insurance

Course of construction insurance, also known as builder's risk insurance, provides coverage for damage to construction projects caused by weather, fire, vandalism, or theft. For example, let's say you are nearing completion of an apartment building but vandals break in and pull the fire sprinklers, flooding the building. Having to pay out of pocket for all the repairs and delays could potentially ruin the project and your business; that's where builder's risk insurance comes ...
September 14, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
Contractor General Liability Insurance Explained

Contractor General Liability Insurance Explained

Do you have contractor general liability coverage? When you run a business in the construction industry, you may think of insurance far more often than other business owners. Keeping all the coverage types, limits, and requirements in order can be overwhelming. If you've got questions about contractor general liability insurance specifically, keep reading. We've got this foundational commercial insurance policy unwrapped and simplified. Contractor General Liability Insurance Explained Let's start with the basics: What does CGL cover? Contractor general ...
August 18, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
5 Contractor Insurance Policies To Pay Attention To in 2023

5 Contractor Insurance Policies To Pay Attention To in 2023

The world of insurance can be a maze, especially for contractors. With so many options and potential risks, knowing which policies are crucial for your business is essential. 2023 has seen a lot of changes to insurance and other contractor policies, and there are most likely only more to come. Read more about the 5 types of insurance that your business should look out for this year. 1. Builders Risk Insurance Builders Risk Insurance, sometimes known ...
August 9, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
Are Contractors Required to Have Insurance?

Are Contractors Required to Have Insurance?

When you're running a business in the construction industry, there is no shortage of legal requirements to keep track of. Between OSHA regulations, federal employment laws, and even insurance requirements, keeping up with rules and requirements is a full-time job. When it comes to contractor insurance, some big changes have made headlines in 2023 that will impact your construction business. Here's what you need to know about contractor insurance requirements. Are Contractors Required to Have Insurance? Prior ...
May 30, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
Is Workers' Comp Required by Law in California?

Is Workers' Comp Required by Law in California?

No one wants to send an employee home from the job for an injury - or worse yet, make a trip to the ER. While you do what you can to keep your team safe, sometimes accidents happen. Fortunately, there are things that you can do to help make sure that you and your employees are covered. Who Needs Workers' Comp Insurance? A 2023 law in California (SB216) expanded the list of contractors required to carry ...
April 26, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
Are California Contractors Required to Have Liability Insurance?

Are California Contractors Required to Have Liability Insurance?

You started your California contracting company because you're great at what you do, but navigating the legal requirements of the contracting business can be a headache. While the State of California does not legally require contractors to have general liability insurance, not having it could cause you to lose out on job bids, be denied license applications, or even force you into bankruptcy if an accident happens and you can't afford to pay out of ...
April 19, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
CA Contractors Face Surety Bond Increase in 2023

CA Contractors Face Surety Bond Increase in 2023

The bond amounts for the California contractor license bond and the California qualifying individual bond are increasing to $25,000 starting on January 1, 2023. This means that all contractors who hold active licenses in the state of California will need surety bond increases processed to keep their contractor licenses in good standing with the state. Here's what you need to know about the bond increases in California. How Do You Increase California Contractor Bonds? It all depends ...
March 22, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »
CA Contractors Have New Workers' Compensation Requirements

CA Contractors Have New Workers' Compensation Requirements

A new California law requires all licensed contractors to carry workers' compensation insurance, whether or not they have employees. CA Requires All Contractors to Carry Workers' Comp The law, known as CA Senate Bill 216, or SB216, is being implemented in response to the tendency of many small contractors to claim that they have no employees, even though they regularly hire day laborers or undocumented aliens. This leaves these workers without any protection in the event ...
February 23, 2023By InterWest Insurance Contractor Insurance 0 Comment Read More »