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 Aegis Insurance Contractor Insurance 0 Comment Read More »
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 Aegis Insurance Contractor Insurance 0 Comment Read More »
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 Aegis Insurance Contractor Insurance 0 Comment Read More »
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 Aegis Insurance Contractor Insurance 0 Comment Read More »
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 Aegis Insurance Contractor Insurance 0 Comment Read More »
Top 10 Construction Resources This post was originally published in 2019 and has been updated and expanded for 2022. Operating any business takes a lot of skill, organization, sound advice, and maybe even a pinch of good luck. This is particularly true when you’re building and expanding a construction business. We rounded up some of the best construction resources available to help you – publications, blogs, podcasts, and websites that can give you the most assistance as you grow. 1. SBA ... January 6, 2023By Aegis Insurance Contractor Insurance 0 Comment Read More »
What is a Certificate of Insurance for Contractors? A certificate of insurance proves you have business insurance coverage. A certificate of insurance (COI) is also known as a certificate of liability insurance or proof of insurance. Whatever you prefer to call it, your insurer will provide you with this 1-page summary of your business insurance coverage. Why Would You Need a Certificate of Insurance? There are two reasons you may need a certificate of insurance: To show potential clients who want to hire you ... November 25, 2022By Aegis Insurance Contractor Insurance 0 Comment Read More »
What Does Course of Construction Insurance Cover? Course of construction insurance is a specialized policy used by contractors, project owners, developers, and subcontractors to cover a structure under construction. Course of construction insurance—also known as builders risk insurance—is a short-term commercial property policy that covers the property until your work is complete. What Does Course of Construction Insurance Cover? Course of construction insurance is designed to protect your financial interest in a construction project in the event of a covered event, such as: ... October 13, 2022By Aegis Insurance Contractor Insurance 0 Comment Read More »
What Kind of Insurance Protects Artisan Contractors in CA? If you want to protect your artisan contractor business against financial losses, then contractor insurance and bonds are a must. Not only does the right coverage help you keep your hard-earned cash, but in some cases, it may even be required by law in California. What Contractor Bonds are Required by Law in California? To get a contractor’s license from the Contractors State License Board (CSLB), you must have a surety bond or cashier’s check on ... September 28, 2022By Aegis Insurance Contractor Insurance 0 Comment Read More »
3 Questions About Environmental Liability Insurance Pollution events often make the news, from major oil spills to industrial disasters. The results can be devastating for the responsible entities. But a small pollution event can be just as damaging to a company's profits and reputation, even if it's as tiny as site runoff after heavy rainfall. Luckily, you can insure your business against lost costs, lawsuits, and reputational damage after a pollution event with environmental liability coverage. What is Environmental Insurance for Contractors? Environmental liability ... April 29, 2022By Aegis Insurance Contractor Insurance 0 Comment Read More »
