Category Archives: Contractor Insurance 101

In the fast-paced world of insurance, time is money. As an insurance broker, every moment spent chasing down quotes, filling out paperwork, or troubleshooting manual processes is time you could spend building relationships and growing your book of business.

Insuring your contractor clients requires a lot more attention than insuring your local flower shop. There are several factors that brokers need to consider before shopping around for a policy. Is your client an independent contractor? What type of work does your client do? 

Did you know that 25% of construction workers are 1099 contractors? As the construction labor market stiffens, employers turn to independent contractors to fill the gap. Although this allows business to go on as usual, separate problems can arise if the workers’ employment classification is unclear for insurance purposes.

As a contractor, insurance is essential to protect your business from the various risks associated with your line of work. In the state of California, there are several types of insurance policies that are considered a must-have for contractors.