Real Estate Development Insurance Assistance Offered For Public Works Projects In Los Angeles

December 06, 2019 - /PressAdvantage/ - Burbank, CA based Contractors Insurance Solutions, Inc. (CIS) is pleased to inform Los Angeles real estate developers that the firm now offers their assistance in gaining insurance for public works projects. With extensive expertise and a wealth of experience connecting clients with insurance solutions that are perfectly tailored to their individual needs, CIS gives every developer they partner with the benefit of professional services that few others in the industry can match.

“Obtaining real estate development insurance in Los Angeles can feel like a needlessly complex and convoluted process,” observes the firm, “but it doesn’t have to be. Not having insurance or having insufficient insurance at the time of bidding is one of the most common reasons why bids for public works projects are rejected outright, so contractors with even a modicum of experience will know that it is vital for them to have their all their insurance requirements in place before they even submit their proposal.”

This includes general liability, errors and omissions coverage, workers’ compensation coverage, and other applicable policies that the contractor’s in-house team may not be explicitly familiar with. As such, the firm can offer their assistance reviewing all applicable factors, making them an invaluable asset for a developer when they actively seek such contracts.

The benefits to be gained from landing public works projects are numerous. While any developer would want to generate profits, the true objective of many companies is to encourage their own sustainable growth. Public works contracts, as CIS notes, are a great way to achieve both these goals in tandem; building the company’s profits as well as maintaining a consistent source of income. In addition to this, being associated with a public works project, even in part, is considered one of the best ways to develop a strong and recognizable brand—thereby attracting the attention of better and higher-paying clients down the line.

According to Contractors Insurance Solutions, “A public works contractor is any contractor that accepts a contract to complete work that requires prevailing wage payments. This can include brokers and sole proprietors, as well as sub-contractors who have been hired by primary contractors. Ultimately, any entity that accepts the responsibility of completing work on a public works project falls under this designation, even if the individual in question lacks employees or has no intention of using in-house manpower in order to get the necessary work done.” Developers are advised to contact the company in order to learn how they may buy contractors insurance in California as efficiently as possible.

The firm adds that developers must complete their Department of Industrial Relations (DIR) registration prior to placing a bid on any job. This may not be necessary if the contractor in question has previously bid for and accepted a similar project, but this is not the case in all circumstances. Contractors working on projects awarded after April 1, 2015 will have to re-register with the DIR, as new laws have introduced registration as a mandatory step for new contracts.

CIS explains that, “California State licensing must be accurate and up to date when submitting a bid proposal. The foremost requirement for all bidders is competency. Anyone who bids for a job in this category must be both capable and competent enough to perform the required work according to a satisfactory standard. Upon request, all bidders must provide statements of their prior experience on projects of a similar caliber. They should also be able to provide a detailed plan of the procedure that will be used, the machinery, organization, plant, and equipment that will be relied upon for any parts of this process.”

Los Angeles developers are welcome to reach out to Matt Rogers of Contractors Insurance Solutions, Inc. for further information regarding the best surety bond companies in Los Angeles, insurance requirements for public works projects, and other details that fall under the firm’s purview. More information can be found on their website as well, and interested parties may connect with the firm through their social media platforms to stay up to date with their latest news and announcements.


For more information about Contractors Insurance Solutions Inc, contact the company here:

Contractors Insurance Solutions Inc
Matt Rogers
(323) 400-6700
2600 W Olive Ave #591, Burbank, CA 91505

ReleaseID: 60032772

Latest News

On streets of Tehran, relief for now at no wider conflict

Jan 21, 2020

TEHRAN, Iran — Iranian newspapers proclaimed the country's attack on U.S. forces in Iraq to be "a dark night for Americans," and Washington's "first admission of failure in history." On the bustling streets of Tehran, however, there was relief Thursday that neither side appeared primed for war. “War is not something like the ‘Call of Duty’ game," said Dara Shojaei, a 23-year-old architecture student. “It's not a game you can play to win. There's no winner.” But with the relief came some mixed feelings about how far Iran should go to avenge the killing of Revolutionary Guard Gen. Qassem Soleiman,...

Stocks rise as China confirms trade deal signing next week

Jan 21, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

Innovative fashion designers lead the way on sustainability

Jan 21, 2020

LONDON — Innovative fashion designers are turning to such things as horseradish and nettles to make sustainable clothing and accessories to the delight of a growing number of buyers. While more consumers are paying closer attention to how the production of goods impacts the environment, old habits die hard. A buy-and-toss mentality persists despite a boost from celebrities helping to drive the upcycle and vintage movements. Actress Maggie Q, who created an activewear line from recycled fabrics, is among activists who see plenty of room for improvement. She says she feels "sick about fast fashion.'' "You hear people say, 'Well,...

Space Force will start small but let Trump claim a big win

Jan 21, 2020

WASHINGTON — The Trump administration is celebrating the launch of Space Force, the first new military service in more than 70 years. In signing the 2020 National Defense Authorization Act that includes Space Force, Trump on Friday can claim a victory for one of his top national security priorities just two days after being impeached by the House. It is part of a $1.4 trillion government spending package — including the Pentagon's budget — that provides a steady stream of financing for Trump's U.S.-Mexico border fence and reverses unpopular and unworkable automatic spending cuts to defense and domestic programs. Space...

House passes $1.4T government spending bill amid impeachment

Jan 21, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...


Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]