Covered from the first beam
Builder’s risk, general liability, workers’ comp, tools and bonds, set up before the job starts.
Contractors and trades
Where the risk lives
General contractors, electricians, plumbers, roofers, HVAC, flooring, painters, landscapers and other specialty trades.
- 01A client contract asking for wording your policy doesn’t have, like additional insured or waiver of subrogation
- 02Tools stolen from a truck or a job site overnight
- 03A subcontractor with no coverage of their own
- 04An injured worker, which in California means workers’ comp is required once you hire
- 05Damage that shows up after the job is done
Most owners carry
The usual stack
To move fast
Oscar’s tip
Before you bid, send Oscar the insurance section of the contract. Required limits, additional insured and waiver of subrogation are the usual sticking points.
FAQ
Questions
How fast can I get a certificate of insurance?
Certificate requests are handled 9:00 am to 5:00 pm. Having the holder’s name, address and the job details ready speeds it up.
Do I need a bond to keep my license?
Yes. The CSLB requires a $25,000 contractor license bond.
Coverage for contractors and trades
CoverageGeneral liabilityCovers injuries to other people and damage to their property caused by your business, plus the legal costs if you’re sued.CoverageWorkers’ compPays medical bills and part of lost wages when an employee is hurt or gets sick because of their job.CoverageTools and equipmentInland marine coverage for tools, gear and equipment that move between your shop, your truck and the job site.
Next step
Ready when you are
Seven quick questions, about 90 seconds. Oscar, a licensed agent, reviews your profile personally.
Ask Diamond