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  2. California FAIR Plan - Wikipedia

    en.wikipedia.org/wiki/California_FAIR_Plan

    The plans are typically more expensive and provide less coverage than commercial plans. [5] If the FAIR Plan does not have the money to pay out all claims, it collects money from insurance companies that operate in California. [5] According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share ...

  3. Owner-controlled insurance program - Wikipedia

    en.wikipedia.org/wiki/Owner-controlled_insurance...

    An OCIP may provide a number of advantages to a construction project owner, including: [6] Lower costs to the property owner as bulk purchase of insurance lowers total cost; OCIP broker and underwriting insurer will enforce stringent safety and loss control procedures; Reduction in time required to obtain insurance certificates for contractors

  4. Builder's risk insurance - Wikipedia

    en.wikipedia.org/wiki/Builder's_risk_insurance

    Builder's risk insurance (Contractor's All Risk insurance – CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction. [1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used ...

  5. California FAIR Plan insurance: What it is and how it works - AOL

    www.aol.com/finance/california-fair-plan...

    In a 2022 interview with KCRA, a FAIR Plan spokesperson stated that the average cost of a policy is about $3,200 per year, which is significantly more than a typical home insurance policy in ...

  6. Workers' compensation - Wikipedia

    en.wikipedia.org/wiki/Workers'_compensation

    Dangerous tasks are common in the construction workplace. Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade ...

  7. State Compensation Insurance Fund - Wikipedia

    en.wikipedia.org/wiki/State_Compensation...

    California is one of 21 states with a competitive state fund in the workers' compensation insurance market. [7] In 2010, State Fund implemented a plan to redesign operations and reduce costs for California employers. In 2013, State Fund announced [8] that it reduced annual fixed expenses by $300 million. These savings will help State Fund ...

  8. California Labor Code - Wikipedia

    en.wikipedia.org/wiki/California_Labor_Code

    California Refinery and Chemical Plant Worker Safety Act of 1990 added section 7872 and 7873 to the Labor Code. On September 25, 1992, AB 2601 was signed into law. [20] It protected gays and lesbians against employment discrimination. [21] California was the seventh state to add sexual orientation to laws barring job discrimination. [22]

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