California Contractors Insurance FAQ
There are many questions I hear everyday from contractors about how to be insured. Most of the time people come to buy insurance because the job they are doing is requiring a certificate. Here are some general questions.
Why do I have to have a license bond to get licensed by the contractors board?
The contractors board is under the department of consumer affairs. The main focus is to protect the consumer or home owner. The license bond for $12,500 is there in-case the consumer is take advantage of by the contractor. If there is a dispute about the work being done they can make a claim on the bond.
What is the price for a contractor license bond?
It depends on the credit score of the contractor.
Why should I buy contractors general liability insurance?
Contractors buy general liability insurance to protect there project and work being done.
How much coverage of general liability insurance should I buy?
It depends on what the requirements are. If you are doing residential insurance you will most likely need a $1 million dollar policy. If you are doing commercial projects it may require a $2 million dollar policy.
Should I have workers compensation insurance even if I don't have regular full-time or part time employee?
You still can have workers compensation insurance. It just depends on how you set up the policy. CIS specializes in putting contractors insurance policies together so they work for your business process.
Who has the best contractor bonds and surety bonds?
CIS has been working with many different bond companies to make sure you get the best bond.
Who offers contractors licensing services in Los Angeles?
CIS offers all contractors service in California.
Who has the best price for contractors insurance?
CIS has been offering competitive pricing to all contractors by having different insurance companies to choose from.
Who sells a reliable contractor surety bond.
CIS only offers A+ rated bonds for our clients.