Helpful tips and articles are posted here for your to learn more about resources available to you
The Hidden Dangers of Advertising Your Contracting Business on a Personal Truck: Why Commercial Insurance Isn’t Optional As a contractor, you’re always hustling—bidding on jobs, hauling tools, and yes, turning every drive into a rolling billboard. Slapping a magnetic sign on your pickup truck with your company logo, phone number, and “Fully Licensed Contractor” tagline? […]
Sacramento, California, April 1, 2025 – The Contractors Resource Center, a business services company specializing in serving California Contractors with Legal, Financial, and Insurance Services has announced the availability of ContractorGUARD – an innovative Workers’ Compensation solution developed for California Contractors. “Rising insurance costs are a big concern for our business and Workers Compensation rates have […]
Below is a copy of the notice from Ricardo Lara, Insurance Commissioner of the California Department of Insurance. Notice emailed to us on January 10, 2025. TO: All Residential Property Insurance Companies, Licensed Independent Insurance Adjusters, Insurance Agents/Brokers, and Other Interested Parties FROM: Insurance Commissioner Ricardo Lara DATE: January 9, 2025 RE: 2025 Annual Notice […]
The California construction industry faces a significant change as Assembly Bill 2622 raises the threshold for unlicensed contractor work from $500 to $1,000, effective January 1, 2025. This comprehensive guide explores what this change means for both licensed and unlicensed contractors in California. The New Legislation Explained Think of this change like updating an old […]
A Contract Performance and Payment Bond is a type of surety bond used in construction and other contracting projects to provide financial security and ensure that contractors fulfill their contractual obligations. It typically consists of two components: 1. Performance Bond Guarantees the contractor will complete the project as outlined in the contract. Protects the project […]
A bid bond is a type of surety bond issued by a third-party guarantor (usually an insurance company or a bank) to ensure that a contractor will honor the terms of their bid and enter into a contract if awarded the project. Bid bonds are commonly used in construction projects, especially in public or large-scale […]
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