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Contractor Insurance

Contractor insurance is usually a package of insurance policies that protects your business from financial losses in case someone files a claim against you. Most contractors need general liability insurance and inland marine insurance.

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Which policies are required for general contractors in California?
Depending on the specifics of your work, general contractors may be required to hold several different types of business insurance. For example, if your business owns a vehicle, you likely need to purchase commercial auto insurance to meet state requirements.

If you have a physical location with a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by general contractors in California, general liability insurance can protect your business from expenses associated with common mishaps, such as customer property damage and injuries.

To meet state requirements in California, general contractors with employees must provide workers’ compensation insurance, which covers lost wages and medical bills for work injuries.

Depending on your clients and the type of work you do, you may also need builder’s risk insurance or surety bonds.

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