Jun 11, 2020
california contractor insurance, commercial general liability insurance, construction news, small business news
Brief: Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) on Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement borrowers said was too restrictive. For many businesses impacted by mandatory stay-at-home orders, the […]
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Jun 11, 2020
california contractor insurance, commercial general liability insurance, construction news, small business news
Brief: The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss. While nonresidential construction employment lost more than 570,000 jobs on net in April, a total of […]
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Jun 04, 2020
california contractor insurance, commercial general liability insurance, construction news, insurance for contractors, small business
It hasn’t been an easy ride for those applying for or administering Paycheck Protection Program loans since the program went into effect on April 15. A lightning-fast rollout, differing interpretations of the rules, a steady stream of updates, warnings to recipients about audits and penalties, and negative press about public companies that received money while […]
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May 21, 2020
california contractor insurance, construction news, entrepreneurial news, small business
Here’s what you need to know about the state’s plan to reopen for business during the coronavirus pandemic. Venice Beach on May 17.Credit…Ryan Young for The New York Times California was the first state in the nation to order all residents to stay home to slow the spread of the coronavirus. On Monday, Gov. […]
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Apr 30, 2020
california contractor insurance, commercial general liability insurance, construction news, entrepreneurial news, small business
“Every business is a startup in times like these, so you should focus on cash flow—not profits. The decisions you make today will have enormous ramifications for the future of your business. ” Thomas Ulbrich, Assistant Dean for Entrepreneurship and Social Innovation UB School of Management “Firms that have retained their employees will have a […]
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Apr 09, 2020
california contractor insurance, commercial general liability insurance, construction news, small business, small business news
The Congress is on the verge of bi-partisan approval of increasing the CARES Act PPP aid pool. Senate Majority Leader Mitch McConnell pressed ahead with his plan for a quick vote Thursday on a $250 billion boost in a small business aid program. McConnell has offered an amendment to the record $2.2 trillion pandemic response […]
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Apr 09, 2020
california contractor insurance, commercial general liability insurance, construction news, contractor news, small business news
SACRAMENTO – This week the Contractors State License Board (CSLB) launched two different options that will allow California’s more than 283,600 licensed contractors and almost 21,000 registered Home Improvement Salespersons (HIS) to either renew their license, or to pay for their license or registration renewal online via CSLB’s website. The following two options are […]
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Apr 02, 2020
california contractor insurance, construction news, entrepreneurial news, small business
The government says it will begin disbursing loan money to company owners and freelancers Friday under the Paycheck Protection Program, part of the $2 trillion relief package signed into law last week. This program authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan […]
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Apr 02, 2020
california contractor insurance, construction news, insurance for contractors, small business
Here are questions and answers about financial help available through the government and other sources: ___ ARE THESE PAYCHECK PROTECTION LOANS FREE? They can be, if they’re used to retain or hire workers. Starting Friday, the Small Business Administration is guaranteeing $349 billion in potentially forgivable loans under the rescue package. A business with […]
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Mar 31, 2020
california contractor insurance, commercial general liability insurance, construction news, entrepreneurial news, small business, small business news
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), third in a line of stimulus bills, has been approved by both houses of Congress and signed by the President. As details continue to emerge, Craft Guard Insurance Services wants to be sure our clients are aware of the immediate benefits provided by the CARES […]
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