Contractors Insurance In Camarillo, CA
In order to be in business in this day and age, construction contractors must carry a full array of insurance policies. At Mark Benton Insurance Agency we are fully aware that the various options can be quite confusing. We also know that you need to be spending your valuable time running the business as opposed to being bogged down with insurance related matters. That is exactly why we have created The Guide To Contractors Insurance In Camarillo, California. Please take a look below at your earliest convenience, and remember that we are here to answer any and all questions that you may have.
Insurance happens to be one of those things that you never want to use but sure are glad you have it when needed. That being said there are multiple types of business related insurance policies available that protect your company from the pitfalls of being in business. There are even several bonds that most project owners require you to carry before you have the opportunity to bid on a job, especially if it involves the municipality, state, or federal government.
In regards to contractors insurance it is important for business owners, operators, and or managers to have a general understanding of exactly what they are paying for and what it covers. That way you will be able to make an educated decision on the products that will protect you in the most efficient and cost effective manner as possible. There is a delicate balance of having a sufficient amount of coverage and overpaying for too much coverage An experienced and honest insurance agent company, like Mark Benton Insurance Agency will be able to provide you with the correct advice. Ultimately it is up to you to decide what your risk tolerance is and how much are you willing to self-insure.
For example, General Liability Insurance incorporates a wide policy that protects your contracting business, and its assets if a third party decides to sue you for something that took place on your jobsite, at your place of business, or a storage facility where you keep materials and equipment. Workers Compensation Insurance covers any of your employees that are injured on the job or become sick due to job related issues.
Commercial Automobile Insurance provides protection for your business vehicles, and motorized equipment (basically anything with a license plate). It also protects your business against being liable for accidents that your business automobiles are in. Bonds, also known as Surety Bonds protect your clients in case you happen to default on the contract. As mentioned above many project owners require bonding prior to allowing a contractor to even bid on a job.
Owning or Managing a profitable contracting business certainly is not an easy task. Setbacks and unexpected expenses happen on a consistent basis. Contractors insurance assists you in reducing the financial impacts and common exposures of being in business. Without the proper policy in place one major hit could put your company out of business. Please contact Mark Benton Insurance Agency at your earliest convenience to review all of your options. We look forward to working with you on all of your business insurance related needs. Our company has been proudly serving contractors in the great state of California since the year 2000.