Folsom sits right next to our office in El Dorado Hills. We know its mix of historic shops, office parks and new neighborhoods south of Highway 50.
What does a Folsom business need covered? It depends on which Folsom you work in.
Do out-of-town contractors need a Folsom license?
Yes. Folsom requires a business license for any business activity inside city limits, including companies based outside Folsom.
Many Folsom jobs and leases also ask for proof of insurance. If you’re a contractor coming in from another town, get your certificate lined up early.
Building in the Folsom Plan Area?
The Folsom Plan Area allows 11,000 homes on 3,250 acres south of Highway 50. That’s years of framing, roofing, plumbing and landscaping work.
New construction means builder’s risk, workers’ comp for every crew member and tools coverage for the gear that sits on site overnight.
Run a shop in Historic Folsom?
The historic downtown district is the city’s old core, and it draws foot traffic. Older buildings and busy sidewalks raise two questions: is your space covered, and are you covered if a visitor gets hurt?
A small business package bundles property and liability. Bundle two or more policies and you can save up to 20%.
Near the lake or the big employers?
Folsom Lake State Recreation Area gets about 2 million visitors a year. Intel is the city’s largest employer. Businesses that serve visitors or big office tenants see more liability questions and tighter contract requirements.
Professional services firms working for large clients should check their professional liability limits against the contract.
Coverage Folsom owners ask about
Builder’s risk
Protects a building while it’s being built or renovated, plus the materials on site, until the job is done.
Workers’ comp
Pays medical bills and part of lost wages when an employee is hurt or gets sick because of their job.
Small business package
Bundles property and general liability into one policy, often with business income coverage, at one price.
Professional liability
Also called errors and omissions. Covers claims that your advice, service or work caused a client to lose money.
General liability
Covers injuries to other people and damage to their property caused by your business, plus the legal costs if you’re sued.
Talk to a licensed agent
Diamond is family-owned, 100% commercial and licensed in California (#6015964). We also serve El Dorado Hills, Rancho Cordova, Roseville, Sacramento. Call 279-842-0928, open 9:00 am to 5:00 pm, or start your 90-second coverage profile.
Sources: Folsom, Wikipedia · City of Folsom business licenses · Folsom Lake SRA, Wikipedia
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