These Los Angeles Independent Agents Offer The Best State Fund Insurance Options

by PRC Agency PR

The independent agents’ new State Fund workers' comp alternative coverage options will give you peace of mind and ensure that your construction trades business license is protected and compliant with the new law that is effective January 1, 2023. Plans are substantially lower than the CA State Fund rates, and Cal Commercial’s agents will help you find coverage that suits your business.

In October of 2022, the Contractors State License Board issued Important Notices to HVAC and Concrete Contractors, notifying them of a new California law (Senate Bill 216, Chapter 978, Statutes of 2022).

Head over to https://statefund.calcommercialinsurance.com/ for more information.

The new law requires proof of workers' compensation on file with the Contractors State License Board (CSLB) for C-20 Heating, Ventilating, Air Conditioning and C-8 Concrete Contractors. As of January 1, 2023, no license in these classifications will be issued, reinstated, reactivated, or renewed without proof of workers' compensation insurance.

The letters received were unexpected because previously, a sole owner of an HVAC or Concrete business without any employees didn't have any requirements for workers' compensation insurance. Workers' Compensation Insurance insures a business' employees in case of injury on the job.

The letter also lists Important Deadlines as follows.

- If the CSLB license renewal is due between January 1, 2023 and June 30, 2023: the CSLB will not renew the license without proof of workers' compensation.

- If the CSLB license renewal is due after June 30, 2023: proof of worker' compensation must be filed with CSLB by July 1, 2023.

-As of July 1, 2023, any contractor holding a C-8 or C-20 who has not filed proof of workers' compensation will have that classification removed.

Many contractors in the construction trades have gone to the California State Fund Compensation Insurance for workers comp, without knowing that insurance agencies that specialize in the construction and artisan trades, like Cal Commercial Insurance, have insurance carriers that offer substantial rate savings for most of the building construction trades, compared to California's State Compensation Insurance Fund (SCIF).

Cal Commercial Insurance also offers unique benefits as independent agents. They do not work for an insurance company but rather represent a group of personally selected insurance companies that prefer to insure the construction trades. This allows you to shop around for coverage, choose the best option for you, and receive a more competitive price!

About Cal Commercial Insurance

Cal Commercial Insurance has been insuring construction trade businesses in Orange County, Los Angeles County, San Diego County, and the whole state of California for over 15 years. They are a team of independent agents, which gives them the freedom to choose the best carrier for each client’s needs. They are committed to helping contractors and the artisan trades business owners keep their companies running smoothly and consistently find affordable coverage.

Go to https://statefund.calcommercialinsurance.com/ or call (949) 771-7731 to get started and receive a fast, no-pressure quote!

Cal Commercial Insurance 806 East Avenida Pico Suite I-266, San Clemente, CA 92672, United States Website https://statefund.calcommercialinsurance.com/ Phone +1-818-924-2054