If you’re a contractor in California, you may have noticed that getting General Liability insurance, Workers’ Compensation, or renewing an existing policy now involves more paperwork, follow-ups, and inspections than in the past. This shift isn’t random — it reflects...
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...
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...
A Sunset Clause is an endorsement that some insurance carriers use to limit coverage on a General Liability insurance policy, typically set to a predetermined amount of time, usually 3-5 years. For example, a General Liability policy runs from...
