Posted on February 5, 2010.
How to buy California contractors general liability insurance 1) Find your license number of entrepreneurs www.cslb.ca.gov
Write your license number, the year of your license and your license classification (s).
2) Establish a list of all your transactions (ie plumbing, electrical, painting, renovation, construction, etc.)
3) Determine what percentage of your work is residential, commercial and industrial.
4) Determine what percentage of your work is the construction of new versus existing construction (including renovations and room additions)
5) Determine your estimate for gross sales, payroll and subcosts for the coming year
6) If you are an entrepreneur with more assurance and payment being more than $ 7,500 annually in premiums for liability, you will need to obtain loss runs from your agent before.
7) Call of insurance experience. broker specializing in insurance construction contractors in California. Call 888-900-9989, ask John Glover and request a free, no obligation
TIPS AND WARNINGS
The best rates often go to the owner only operations do painting, electrical, and remodeling work handyman /. Most insurance companies offer a payment plan. Some brokers also payments by credit card to help spread the cost of insurance. Always call your insurance agent to discuss insurance requirements of one of your potential customers before signing the contract. If your client has strict requirements, your current policy may not be enough. Find a broker who specializes in building contractors insurance. As contractors may specialize in their trade, brokers who specialize in construction insurance often find the best prices and give better advice. Remember that the general liability does not cover your tools. If you already have insurance, insist that your current broker to send your proposal to renew at least 30 days before your policy expires. This will give you more time to shop the market to see if you continue to receive a competitive price. Not all liability policies are alike. Cheaper policies may have removed essential safeguards. Ask your agent for more details. Beware of high deductibles. A higher deductible can reduce the cost of premiums, but if you can not pay the deductible when a claim occurs, you may be in difficulty. low-cost carriers will not insure any contractor who has worked on a new subdivision tract home in the last 10 years. 
