Licensed contractors who hope to practice as a business need to have insurance coverage. There are various kinds of policies available. Some of the options of California Contractors Insurance include just general liability coverage. There are certain things that are covered in these contracts. Such things include bodily injury, personal injury, medical expenses, and various other things that may occur on the job. There are variations between the policies offered. It is important to know what exactly is included before signing the papers. It can also be a good idea to find out if adjustments can be made after if needs change.
If you want to be a practicing contractor in this area, you need to have insurance. There are regulations in place that determine minimum levels of coverage. One type of insurance you need to have is general liability. Such policies cover a variety of basic types of claims.
One of the claims covered is bodily injury. This pertains to sickness, disease, or injury occurring from the ongoing project. These types of claims also cover death.
Medical expenses related to such injuries and illnesses are normally included in the policy. For example, medications, rehabilitation, and various other things may be paid for. There are usually caps on these expenses but they vary between policies.
Property damage is another aspect included. At times, there may be damages caused to the property while the work is being completed. This might regard the building, land, or otherwise. Coverage tends to include not only the expenses related to the repairs but also the loss of use of these areas if relevant.
Product damage is another relevant claim. If there is an accident or some other occurrence and products are spoiled, a claim may be made for this. Depending on the policy, there might be limitations on how much a third party can expect to receive.
General liability claims may include personal or advertising injury. This pertains to injuries caused by wrongful eviction, false arrest, copyright infringement, and other such things. It may include anything that infringes on a person’s civil rights.
Policies vary greatly. Some include more types of claims than others. They may also offer additional protection. It is important to find out what you need in order to make sure your own business is protected. You also need to find out the price of the premium, how to file a claim, and other relevant processes.
Being insured is critical if you are a practicing contractor in California. There are various types of policies available for this purpose. One type of classification is the general liability coverage. These contracts tend to cover bodily injury and illness, medical expenses, and property damage, among other things. Before signing a particular contract, you need to be sure you have adequate coverage in all of these areas plus any others that are relevant to your business. It is also a good idea to check out the premiums for each option.