It’s sad but true. Most California Contractors are either overpaying for insurance they do not need or they are paying unnecessary fees. This is true for both Workers Compensation and General Liability Insurance. Why? It’s simple. Most brokers are lazy and simply auto renew their clients without searching out the newest insurance options. Of course, …

Simple Tips on How to Save Big Money Buying Contractor Liability Insurance Read More »

What Is an LLC Employee/Worker Bond? The $100,000 LLC employee/worker bond is required for all contractors in California with a business entity registered as an LLC (Limited Liability Company).   An LLC employee/worker bond serves those employed by an LLC construction business in the event they are not compensated properly for performed work including wages, …

LLC Employee/Worker Bonds – What Are They & How Much do they cost? Read More »

The CA Contractors Board is increasing their fees for most of their applications and renewals. Of note, they are increasing renewal fees for Corporations, LLCs, Partnerships, and Joint Ventures, while Sole Ownerships retain the same renewal fee except for inactive renewals. The renewal fee schedule is listed below: Sole Ownerships Active License – (on or …

CA Contractors State License Board Increasing Fees as of January 1, 2022 Read More »

If you’ve followed Dave Ramsey for any amount of time, you know he’s not too big on cash value life insurance. In fact, he hates cash value and always recommends Term Insurance. Below are the 5 Term Life Insurance Mistakes to Avoid 1. Buying Too Little to Replace Income Always buy ten to twelve times …

5 Term Life Insurance Mistakes to Avoid Read More »

If you’re in the process of buying a house, it won’t be long before mortgage life insurance offers start arriving in the mail. Sold by mortgage lenders and insurance companies, mortgage life insurance (sometimes called Mortgage Protection Insurance) pays off your home loan if you die with a balance. The idea sounds sensible: Your family …

Life Insurance – Mortgage Insurance and PMI – What are the Differences and Why Should I Care? Read More »

Yes, it’s true! You can legally get your Contractor’s License without having to study for and stress about taking and passing the California State Contractors License Board (CSLB) Contractors License Test by working with a Responsible Managing Officer (RMO), a licensed contractor whose experience will waive your exam requirement. Your company will be issued a …

Get Your California Contractors License Without Having to Take a Test! Read More »