California Home Remodeler Business Insurance
If you want to work in California as a home remodeler, you need to become licensed by the California Contractors State License Board. This requires you to obtain the proper insurance, and then be prepared to show your Certificate of Insurance to any clients who ask. California home remodeler business insurance provides several types of coverage to local residential remodelers.
General Liability Coverage
Liability coverage is among the most important parts of your California home remodeler business insurance policy. You never know what may go wrong during a remodeling project; a client could become injured after tripping over your equipment, or you might accidentally damage part of the house you are working on. Either way, having general liability insurance means you won't have to pay out of pocket for property damage or medical bills.
In California, you need liability coverage of at least $1 million for up to five members in your company. If you have more than five, you will need an additional $100,000 per person.
When your duties include demolition, drywall work, plumbing, carpentry, and other common remodeling projects, you need a lot of tools for the job. If you want to protect your ladder, drill, specialty lighting, safety gear, and other costly equipment, make sure to include them on your California home remodeler business insurance policy. This way, you won't have to pay for replacements if they are lost, stolen, or damaged.
When you remodel homes in California, you can expect to do a lot of traveling, especially since this state is so spread out. When you're spending hours hauling your equipment from one city to the next, there's always a risk of getting into a car accident on the way to a job. Luckily, the auto coverage on your California home remodeler business insurance policy will pay for any property damage or medical treatment that is needed after an accident involving your work vehicle.
If you hire full-time or part time employees, you need workers comp for anyone working for you on remodeling jobs. This way, if they are injured on the job, both you and your clients are protected from personal liability when it comes to medical treatment, lost wages, and rehabilitation for the worker. The only way you will be exempt from needing this type of coverage is if you perform all remodeling jobs yourself. But luckily, getting California home remodeler business insurance makes it easy for you to also get workers comp coverage in case you ever decide to hire employees in the future.
If you want extra peace of mind as a home remodeler in this state, you'll be glad to have excess liability. This is also known as umbrella coverage, because it is there to protect you when your general liability policy reaches its limit. Without excess liability, you might end up paying the costs out of pocket in the event of a particularly expensive claim.