Having a contracting business is not easy. You are most likely to face a number of challenges that can prove very tough to deal with, especially when you are not sufficiently prepared. The main key to running a successful contracting business is trying to minimize the...
When you purchase a commercial insurance policy, such as: General Liability Insurance or Workers’ Compensation, your premium isn’t necessarily final; it’s actually an estimate. This is because your insurance company assigns a premium based upon your projected...
In the state of California, and many other states, large home construction, repairs, and remodeling projects must be completed by a licensed contractor. California contractor licensure is regulated by the Contractors State License Board, also known as the CSLB. The...
The primary reason you or your company is required to add another party as an Additional Insured, also known as an “AI” to your insurance policy or, in turn, that you may require another party to add you or your company as an Additional Insured to their...
Definition of an Admitted Insurance Company: An “admitted” or “licensed” insurance company— is an insurance company that must file its rates and specific requirements with the California Department of Insurance (CDI). Once an admitted insurance company files...
