contractor’s insurance, including builder’s risk insurance, commercial property insurance, worker’s compensation insurance, and general liability insurance. You can select the kind of policies that yourlicenseneeds according to your requirements and the risk-bearing capacity of your construction project...
Is Insurance Required For General Contractor? What Type Of Insurance Do General Contractors Need? How Much Is General Contractor’s Insurance? Have You Considered A Custom General Contractor Policy? How To Get General Contractor Insurance Do I Need A Contractor's License To Work? Bonds and Insuran...
A general contractor is responsible for the quality of workmanship, safety, legal compliance, and everything that happens on the job site. Failing to hire a contractor with General Liability insurance could potentially cost you everything that you own. If the unexpected happens, you could be sued...
Gallagher can help you protect your business and meet your legal obligations and responsibilities as a contractor, builder or construction operator.
A contractor license bond is a kind of surety bond. This type ofcontractor bondserves a purpose with three different parties that involved in a contractor project. Bonds are necessary to provide a guarantee that a general contractor will run their particular business in agreement with the norms ...
Finally, the rates of each surety tell apart a contrary bond and the liability insurance. The former does not usually need the contractor’s credit score or license history for the company to decide the rates. In some situations, however, the company might need these if allowable by the law...
This is one of the primary conditions you need to meet to keep an active license. They hold these bonds to protect from people being financially harmed because of a contractor’s work. While California’s state retains the right to increase the amount of the bond needed periodically, it stan...
There are different specializations which you can pursue during the course. The state of California has no less than forty-three different options for you while you are taking the course. After getting the license, most people prefer to become a general engineering contractor or a general building...
uninsured you become the general contractor which means you must be paying for the medical expenses and no insurance will come to your rescue if something happens on your property. Therefore, you the owner of the property are responsible for anything that goes wrong with the uninsured contractor....
License and permit bond:A license and permit bond is typically a compliance or regulatory requirement. These bonds ensure that the contractor, and their employees, will comply with the specified regulations or laws. Learn more:A Contractor's Guide to Construction Bonds ...