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Archive for the 'Contractor Bonds' Category

Handyman Insurance, B&P Code Requires Contractors to Have License Bond

May. 23rd 2017

While not as high a profile as other construction trades, there is a problem in California with sign companies that operate without a contractor license. The Contractors State License Board’s (CSLB) Statewide Investigative Fraud Team (SWIFT), in cooperation with the Upland Police Department, San Bernardino County District Attorney’s Office, and with leads provided by the California Sign Association, has just completed a multi-week undercover sting operation that targeted a group of phony C-45 Sign contractors.

CSLB set up a sting operation on June 23 and June 30, 2010, at a commercial building in the city of Upland, where SWIFT investigators posed as property managers who solicited contractors for installation of outdoor signage on the building. Other unlicensed operators were solicited for tile work and painting at the new, largely unimproved building. Those who submitted bids for more than the legal $500 limit received notices to appear (NTA) in court for contracting without a license and illegal advertising.

California Business and Professions (B&P) Code requires any home or property improvement work valued at $500 or more for labor and materials be undertaken by a licensed contractor. B&P Code also requires contractors to put their license number in all advertisements. Those without licenses may do work valued at less than $500 for labor and materials, but must state in their ads that they are not a licensed contractor.

Consumers often don’t realize the risks associated with hiring an unlicensed person for construction and property improvement. Phony contractors do not have a contractor license bond or workers’ compensation insurance. A worker who is hurt on the job could seek medical reimbursement or other damages from the property owner. California Labor Code requires contractors to carry workers’ comp coverage for each of their employees. Roofing contractors also must have workers’ compensation coverage for themselves. B&P Code requires contractors to have a $12,500 license bond to help compensate consumers if work is not completed or if something goes wrong on the job.

“This sting should serve as a warning to consumers who might be taken in by promises of cheaper work performed by someone who isn’t licensed,” said CSLB Registrar Steve Sands. “In reality, you likely won’t pay any more by hiring a licensed contractor who provides the added assurance that you’ll be protected from liability if a worker is hurt or anything goes awry during the project.”

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Handyman Insurance, What Are Supply Bonds

Jan. 12th 2015

Supply bonds mandate that suppliers provide materials, equipment and/or supplies as defined in purchase orders. If the supplier fails to provide the supplies as agreed, the bond amount can be used to reimburse the purchaser for the resulting loss.

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Handyman Insurance, What is a Maintenance Bond

Jan. 8th 2015

Maintenance bonds guarantee against workmanship and defective materials  for a stated time period following a project’s completion. If the project is found to be defective during this time, the bond amount can be used to pay for repairs that need to be made as a result.

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Handyman Insurance, Performance Bond

Jan. 4th 2015

Under the federal Miller Act requires that performance bonds be used on all federally funded projects worth $100,000 or more. Performance bonds guarantee that contractors complete projects according to contractual terms. If a contractor fails to do so, the project developer can make a claim on the bond to access funds that can be used to pay a second contractor to finish the job.

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Handyman Insurance, What Are Payment Bonds

Dec. 30th 2014

In case lead contractors go bankrupt when working on a project, payment bonds guarantee proper payment for services.  The bond amount can be used to reimburse suppliers, subcontractors and others who worked on a project if the lead contractor is unable to pay them for their work. The federal Miller Act requires that payment bonds be used on all federally funded projects worth $100,000 or more. In fact, these bonds are frequently issued in conjunction with performance bonds.

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Handyman Insurance, What are Bid Bonds

Dec. 26th 2014

Bid bonds make sure that contractors submit serious bid proposals and helps to reassure the project developers that bidders have the financial credentials necessary to accept the job. If a bid is selected and the contractor declines the job or retracts the bid, the project developer can make a claim on the bond to recoup the difference between that bid and the next-highest bid.

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H2Go Bag is an ingenious way of transporting water when it isnt within reach on a construction site

Sep. 16th 2010

Carrying heavy buckets of water to somewhere without a tap, or inaccessible for a hosepipe, is tiring and back-breaking work. Water isn’t always within reach on a construction site.  The H2Go Bag is an ingenious way of transporting up to 80L / 19 Gallons of water in a wheel barrel. Any thoughts or experience with this? Leave a comment below.

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Handyman Insurance, Optional Home Business Insurance Coverages

May. 20th 2010

Insuring your homebased business is easier than ever.  Optional Home Business Insurance Coverages  For an extra premium, you can beef up your Home based Business insurance policy by adding: Umbrella Liability protects your business against the costs of catastrophic lawsuits.  Therefore, you may need home based business insurance.

There are a few different home based business insurance options available for you to consider.  If you own a home business, your home based business insurance will be tax deductible.  Therefore, depending on the type of business that you run, you may need a home based business insurance policy. You may want to consider liability insurance for your business if there is a chance that your product may injure someone or if someone could become injured while visiting your home business.

They are the experts and they can point you in the right direction as far as home based business insurance.  Several home-based business owners own their own homes, and presume that their home based business insurance also covers their home-based business activities.  Not only is this not true, but your home based business insurance activities can annulled your home insurance.  While several home based business insurance owners rely on their home insurance to wrap damage, loss and theft of possessions, all home-based businesses should have contents insurance as well to the contents and or possessions insurance offered by the owner’s house insurance.

Handyman Insurance Starts New Blog

Mar. 26th 2010

HandymanInsurance.com started a new blog in late April 2010 to help provide a community forum and discussion for the needs of small business contractors and the handyman construction industry. We hope you will share your experiences – good and bad with us.

best handyman insurance quotes offering low cost monthly rates Find the Best Insurance

Handyman insurance quotes is available on a state by state basis in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Dist of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming. Find the best Handyman insurance quotes from some of the finest and solid insurance companies who compare liability coverages based upon your own personal choices.
Business insurance quotes Handyman Quotes

Business insurance quotes vary according to the state your business is in so you need to keep this mind when shopping for insurance.
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Your contractors license classification provides the insurance company the amount of risk and claims exposure you may incur as a result of your business.
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How many years of experience in the licensed classification influences your final business insurance quote.

Handyman Insurance

Insurance might not be the first thing someone thinks about when running a business, but it should be an important consideration.   Handyman insurance is another requirement if you are thinking about starting a handyman business.  This website provides important insurance information on Handyman Insurance Coverage and quotes.

Handyman Insurance Coverage

Handyman insurance includes several types of coverage; each one offers a specific kind of protection for your business.  

(Handyman Insurance ) Commercial Auto: Covers a business's owned, no owned, and hired autos against liability and physical damage losses. 

Handyman Workers Compensation:  If your business as a Handyman employs any staff (including part-time, trainees or sub-contractors), Employers liability insurance cover is a legal requirement.  Employers liability insurance provides protection against your legal liabilities to pay compensation in respect of injury sustained by your employees in the course of your business as a Handyman.  (Handyman Insurance) Workers Compensation: Provides coverage for an employer's responsibility in the event of a work-related injury or illness.   Employers Liability Insurance for handyman work: This type of insurance would cover payment of legal fees and damages in the event that an employee was injured or killed while doing work for you. 

Tradesman Insurance for handymen: This is a package of several different kinds of cover for handymen, making up one policy that meets all your insurance needs.

Public Liability Insurance for handyman work: This type of insurance would cover you if your business activities caused injury or death to a member of the public.

Handyman General Liability - Commercial jobs will require you to have general liability coverage of $1,000,000 to $2,000,000 prior to being hired (not to mention that you protect your assets if something goes wrong on the job).

Products liability insurance for Handymen - Products liability insurance provides protection against your legal liability, compensation costs and expenses following injury or damage by goods that you have sold, supplied, repaired, tested or delivered in connection with your business as a Handyman.  Products Liability insurance for Handymen at 1,000,000 with the option to increase to 2,000,000 up to 5,000,000 or more.  Public Liability insurance cover provides protection against your legal liability for injury to third parties and damage to their property in connection with your business as a Handyman.

Professional Indemnity Insurance for handyman work: This covers you against any mistakes you might make  including bad advice you or your staff might give  that ends up costing your clients money, and leading them to take legal action against you.

(Handyman Insurance ) Umbrella Coverage: A broader form of coverage that extends the limits of liability found in a base policy form. 

Income Protection Insurance - If the essential person should be unable to work for a period of time, this handyman insurance helps to cover the loss of business as a result of the illness or injury.  Having sufficient income protection insurance is also a worth while consideration, if you were to fall off a step ladder or hurt your back and couldnt work, accident, sickness and unemployment insurance could help you to pay for some of your monthly bills in the event of you not being able to work.

The Handyman Insurance Program gives our policyholder comprehensive coverage for their handyman businesses, and the program is designed for Handymen who: Are hired to do a variety of miscellaneous work that would be found in a residential household environment;

Please note that standard home owner's insurance will most likely not cover business assets, and may VOID your home insurance coverage.  If your business is home-based, do you need more liability coverage than your home insurance policy covers. 

The Handyman program gives our policyholder comprehensive coverage for their handyman businesses, and the program is designed for Handymen.

Handyman Insurance Quotes

Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more. Find the best Handyman insurance quotes liability commercial and small Handyman companies offering affordable monthly payment options for your handyman business and the self-employed.  Find the best Handyman insurance quotes from some of the finest and solid insurance companies who compare liability coverages based upon your own personal choices.  Get online quotes for handyman insurance now.  And it can help you save money on your handyman insurance without compromising on the level of cover you need.  The Handyman tradesman insurance policy has been crafted to cover all your Handyman insurance needs at the most competitive price.

 

A reminder this is not an attempt to describe the product coverage and its' contents but merely used as a sales tool for the purpose of product illustration. The website and its' owners cannot make recommendations as to whether any illustrated product may meet the users' particular needs. Therefore, the suitability of the product is the final determination of the user of this website. The use of this website is acceptance of the sites' privacy statement. Coverage is not in effect until an application is signed, transmitted, payment received and approved by the underwriting company unless otherwise specifically stated. A physical and/or background inspection may be done to verify the information provided. The quote(s) will be based up on the underwriting information you supplied and the quote(s) is/are subject to change upon inspection and review by the underwriting company. The underwriting company reserves the right to determine the final coverage, premium and acceptability. Commercial use by others is prohibited by law. No portion of any news or information from this website may be photocopied, faxed, mailed, distributed, transmitted, published, broadcasted, duplicated, or re-distributed in any manner for any purpose without prior written authorization of its' owner.