How Much Should You Pay For Contractors Insurance?

A contractor is in a high-risk kind of job that is faced by challenges which can at times be expensive to compensate. A workplace accident, property damages and being sued over poor workmanship/services can result in a significant amount of money. Contractor insurance is there to save the contractor from having to suffer financially from these claims.

California Contractors insurance just like any other  policy is serviced through paying of annual or monthly premiums. The premiums will differ from one policy to another depending on the kind of work involved, risk calculation, location of the business, among many others. Many insurance websites now allow you to pay the premium due online via the carrier’s website.

General Liability Insurance (GL)

This is a policy that covers the contractor when faced with customer’s claims over injury, property damage and/or shoddy workmanship. The insurance can have a premium of $380 to $1,380 depending on the insurance company and the location of the businesses.

Business Owner’s Policy (BOP)

This is for contractors who choose to bundle two policies to have reduced premiums. A BOP consists of a GL and Property Insurance and can cost a premium of $500 – $639. The client covers the lawsuit risks and also has their equipment, tools, and machines protected.

Surety Bond

When a contractor signs up to get a work license, the law requires him/her to get a permit and license bond. A general contractor will need to pay $100 to $300 to get bonded and have licenses

Inland Marine Insurance

A contractor will need to pay $500 to $759 to have a policy that covers their supplies, tools, and equipment when in transit. The cover caters for repair and/or replacement of items that are damaged or stolen when being transported.

Umbrella Insurance

This is a policy that has three policies packaged together. A contractor will pay a premium of $1,010 – $2,020 to have a GL, Employer’s Liability and Hired and Non-Owned Auto.
Workers’ Compensation Insurance

The policy covers employees for medical compensation and loss of wages due to work-related injuries. Independent contractors and subcontracted persons are also included in this policy. A contractor needs to pay a premium of $5,723 to $7,656 to have the employees covered.

Commercial Property Insurance

A contractor can pay a premium of $253 to $1,630 to have this policy cover. Properties and equipment are insured from fire, vandalism, theft and weather tragedies.

Commercial Auto Insurance

This is a policy that will cover a contractor after being injured in an auto-related accident when on work-related duties. a general contractor needs to pay $1,854 to $2,846 to be covered as most auto Insurance policies do not compensate a contractor vehicle on work-related responsibilities.
Conclusion
Contractors insurance is a necessity as accidents do happen even when all safety measures are observed. Contractors need to protect their businesses from a financial crisis that can be resulted from compensation lawsuits.
Factors that make contractors insurance policies to vary include; policy type, business capacity, the industry, location, number of previous claims, and the types of contracts the company has.

All You Need to Know About California Contractor’s Licenses

Most business’s hate paperwork and this is most readily the case about getting involved in the contracting activity. In different states, it’s the law to hold specific bonds. Before accepting a job in California, obtain a contractor bond to be a properly licensed contractor.

What Are California Contractor License Bonds?

These bonds are vital for any California contractors business that gets off the ground and stats bidding for projects. They are there to help the public know how well versed the company is doing the job in the different safety laws and regulations a state may require of the buildings that are erected. People don’t often consider what goes on behind the scenes or what may be necessary to ensure that the buildings are safe for everyone and that they have correctly followed all the proper regulations.

Where Is The Best Place To Get a Bond?

People don’t realize how simple it can be to get all the proper paperwork lined up and get started on the right path to following safety and legal regulations. Doing searches online can be the first way to find the right places to get started with to understand what are the right and appropriate steps. Obtaining a surety bond like this can be initiated by going to the state or a municipality. If this isn’t the best route for someone, then perhaps it may be wise to search out a company that can help a person get all their ducks in a row the professional way. Checking into companies that specialize in bonding services can be a significant middle ground for having the right paperwork in the correct order. Don’t hesitate to spend an afternoon searching out which direction will be best to get which bonds that are the most important for the business in question.

How Is A Bond Received?

Once the appropriate venue has been found to figure getting the paperwork in order, the next question may be how they are secured? It’s not as complicated as may be initially thought. Obtaining a bond can be as easy as going to the right place and is often held by placing a cash deposit which secures it. Many sites offer convenient payment methods and also allow people to not only get the knowledge they need but even to get it at a reasonable price.

After Following These Steps, What’s Next?

After acquiring that firstbond, it’s now possible to go on to the next step. That may be as simple as getting out there and getting those first jobs, making bids and proposals. That may mean knowing more about the bonds that are out there to help clients feel comfortable with getting involved with specific contractors and companies. Having this kind of trust behind a contracting group will help get and keep more clients that are of a higher quality.

Contractors Bond is a full-service surety and licensed insurance agency specialized in contractors’ license bonds and CSLB License Bond of Qualifying Individual and law firms located in Sacramento, serving Northern and Southern California.

Guard Your Online Reputation Like Your Life Depends on it

Guard Your Online Reputation Like Your Life Depends on it!

Does online reputation really matter? If someone told you to guard your online reputation like your life depends on it, what would be your reaction? I know most people will say that whatever the online platforms have about them, does not really matter. Well, here is how much it matters, online reputation is so important that we have companies that have come up just for the purposes of managing online reputations for both individuals and organizations. This clearly tells you that you should be conscious about what is out there on the internet about you more than everyone else. “The internet never forgets” is a common yet a true phrase. This tells you that whatever you post on the internet, will always be there irrespective of whether you delete it or not.

Most of us, if not all are very fond of using social media. The most commonly used social media platforms such as twitter, Facebook, Instagram, LinkedIn, YouTube, along with Yelp and Angie’s List. These platforms are very helpful and if not used properly, they can be your downfall. How? Probably the question you are asking at the moment. Let me break it down to you.

1. BUSINESS

When it comes to conducting a business, online reputation is very important for the business to be successful. When you come across a new product or company you need to know more about, the easiest and most commonly used option is searching for the item at hand over the internet. What happens if most people have given negative reviews or comments about your business or organization? You end up losing more clients even before you get them. Eventually, your business will incur loses more than profits and end up failing. That there is the power of social media and business. On the other hand, a good online reputation can make your business or organization grow beyond your expectations.

2. GETTING CLIENTS

It has become a common practice for people to do background checks online before offering jobs or before engaging in contracts with other parties. This means that your online reputation can determine whether you will land that job that you want or the contract that you bid on.
To sum it all, you should be in control of the online conversations about you whether you are an individual or an organization. Controlling the narrative enables you to be in charge thus enabling you to truly make people see exactly who you are.
Local SEO for Contractors

Local SEO for Contractors

There is nothing like a well thought out SEO campaign to provide effective online marketing.  For a contractor SEO is vital to drive leads into your pipeline.  Getting your website and ultimately your business in front of the right prospect can drastically change your bottom line.  You don’t have to spend a small fortune like you do with traditional advertising methods.  Local SEO for contractors provides a tremendous return on investment.

Online Marketing Generates Valuable Exposure

We have a team of SEO Experts that work with clients who want aggressive marketing and exposure.  We put together a campaign that creates a high impact in your local market.  No matter what aspect of construction that you are in be it roofing, plumbing, painting or you operate as a general contractor we can make sure that you get the right visibility through SEO that generates far better results than traditional marketing.  On top of that we do it at a better price.

Grow Your Client Base

It was only a decade ago that most people found a contractor by flipping through the yellow pages or asking a friend.  Today we do things differently, we use a search engine and look at reviews.  Marketing through SEO turns your website into a lead generation machine.  You can connect with people who are actively looking for your services and are motivated to become customers.  We are local SEO specialists and we can make sure that your site is in the top position on not just Google, but Yahoo and Bing too.  This means more leads, more clients and a more robust bottom line.

How Internet Marketing Can Work for You

It isn’t enough to just put your website in front of people you need to put it in front of people that are looking for your service.  That is where SEO shines.  Marketing online gets your service in front of people who are actively searching for a contractor, roofer or plumber.  SEO campaigns are designed to allow customers to find you.  This is why the ROI on SEO is so much better than traditional advertising.

For more than a decade our team of experts has delivered incredible results for clients just like you.  We have helped them dominate small local markets and bigger markets like Chicago and New York.  We create a strategy that will yield lasting results and we have a proven track record of success.  If you want that competitive edge in your area then we can help.  We can put together a campaign that is more profitable for your business.