Contractor insurance is an important tool to help safeguard against accidental loss. To get the most out of your insurance, it’s essential to understand key concepts, such as the difference between a Certificate Holder and an Additional Insured and since Since our mission at The Contractors Resource Center is to make contractors’ insurance as simple …
Certificate Holder vs. Additional Insured – What’s the Difference? Read More »
The Federal Trade Commission today issued a proposed order requiring Denver-based HomeAdvisor, Inc. – a company affiliated with Angi, formerly known as “Angie’s List” – to pay up to $7.2 million for using a wide range of deceptive and misleading tactics in selling home improvement project leads to service providers, including small businesses operating in the “gig” …
Effective January 1, 2023, a new California law Senate Bill 216, Chapter 978, requires Proof of Workers’ Compensation Insurance on file with the CSLB for C-8 Concrete; C20 HVAC; C-22 Asbestos Abatement; and D-49 Tree Service. As of that date, no license in these classifications will be issued, reinstated, reactivated, or renewed without Proof of …
Effective January 1, 2023, the Contractors State License Board of California (CSLB) will increase a contractor license bond from $15,000 to $25,000 as detailed in Senate Bill 607. The increase applies to the contractor license bond (from $15,000 to $25,000) and the bond of qualifying individual (from $12,500 to $25,000) To get your Contractor Bond …
Contractor License Bonds Increase January 1, 2023 Read More »
The California Contractors State License Board (CSLB) requires all licensed contractors or license applicants to obtain a license bond, or bond equivalent, as a condition for being licensed. As outlined in section 7071.6 of the California Business & Professions Code, the bond is for the benefit of a contractor’s customers if they are financially harmed …
In our opinion, as Construction Insurance Advisors, and members of The California Building Industry Association and the National Association of Remodelers, getting Online Quotes for insurance can make sense for Life Insurance or Auto Insurance. However, contractors that hop online and generate their own General Liability quotes, without a consultation from a licensed Business Insurance …
Should Contractors Purchase General Liability Insurance from NEXT? Read More »
