New Admitted Insurer for General Contractors. New Construction or Remodels
"A" rated comapny
Admitted in California
No Manifestation or Sunset Clause
No Prior Work Exclusion (for qualified accounts)
Per Occurrence deductible
Better coverage and less cost than many non-admitted programs!
Call for a quote 209-815-2606.
Contractors General Liability, Workers Comp, Bonds, Commercial Auto, Tools & Equipment, 209-815-2606
Wednesday, August 24, 2011
Monday, August 15, 2011
How to buy California contractors liability insurance
Look up your contractors license number at www.cslb.ca.gov
Write down your license number, the year you were licensed and your license classification(s).
Draw up a list of ALL of your operations (i.e, plumbing, electrical, painting, remodeling, home building, etc) Be specific as to the type of work you do.
Determine what percentage of your work is residential, commercial, and industrial.
Determine what percentage of your work is new construction versus existing construction (including remodels and room additions)
Determine your estimate for gross sales, payroll, and subcosts for the upcoming year.
If you are a larger contractor with current insurance AND paying more than $7500 per year in liability premium, you will need to obtain loss runs from your prior agent.
Call an experienced insurance. broker specializing in California construction contractors insurance. Call 209-815-2606 Ask for John Glover and request a free, no obligation quote.
Write down your license number, the year you were licensed and your license classification(s).
Draw up a list of ALL of your operations (i.e, plumbing, electrical, painting, remodeling, home building, etc) Be specific as to the type of work you do.
Determine what percentage of your work is residential, commercial, and industrial.
Determine what percentage of your work is new construction versus existing construction (including remodels and room additions)
Determine your estimate for gross sales, payroll, and subcosts for the upcoming year.
If you are a larger contractor with current insurance AND paying more than $7500 per year in liability premium, you will need to obtain loss runs from your prior agent.
Call an experienced insurance. broker specializing in California construction contractors insurance. Call 209-815-2606 Ask for John Glover and request a free, no obligation quote.
Sunday, May 1, 2011
Beware of Forged Certificates of Liability Insurance
I have heard horror stories of contractors using forged general liability Insurance certificates as proof of insurance. How can you tell if it’s fake?
1) Most all reputable insurance agencies use the industry standard Acord 25 form. Look at the bottom left of the insurance certificate.
It should say Acord 25. If it doesn’t you should be concerned.
2) On the Acord 25, look at the policy effective date and also the policy expiration date. If the dates are hand written or the font looks different than the rest of the document, you may have a fake.
3) Look at the name of the insurance company on the top right. Go to www.ambest.com and look up the insurance company. Look for the box that says “Ratings and Analysis”, type in the name of the insurance company and click “Go”. Do they really exist?
4) If you're not sure if the certificate is real, call the agent listed in the upper left hand corner. They should be able to tell you if the certificate is good.
Why should you care? If you hire subs with forged certificates, you may be liable for losses they cause. Fake certificates can leave you seriously exposed to losses and lawsuits that can destroy your company and take away everything you’ve earned. If you are competing for business with forgers, they may be able to underbid jobs. Make sure your prospective clients are aware of the risk!
1) Most all reputable insurance agencies use the industry standard Acord 25 form. Look at the bottom left of the insurance certificate.
It should say Acord 25. If it doesn’t you should be concerned.
2) On the Acord 25, look at the policy effective date and also the policy expiration date. If the dates are hand written or the font looks different than the rest of the document, you may have a fake.
3) Look at the name of the insurance company on the top right. Go to www.ambest.com and look up the insurance company. Look for the box that says “Ratings and Analysis”, type in the name of the insurance company and click “Go”. Do they really exist?
4) If you're not sure if the certificate is real, call the agent listed in the upper left hand corner. They should be able to tell you if the certificate is good.
Why should you care? If you hire subs with forged certificates, you may be liable for losses they cause. Fake certificates can leave you seriously exposed to losses and lawsuits that can destroy your company and take away everything you’ve earned. If you are competing for business with forgers, they may be able to underbid jobs. Make sure your prospective clients are aware of the risk!
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