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What do you need as a prime contractor to protect you from a subcontractor claim effecting your insurance?
Wiki User
∙ 14y ago
Most Reputable General Contractors will require any Subs bidding on a project to submit proof of insurance prior to bidding on the job.
So basically if the Sub has no proof of Insurance then he is not eligible even to place a bid.
If you've already chosen to hire uninsured subs and a claim is pending then you as the General Contractor are on the hook for all damages, there is no way around it.
Other AnswersProbably a lawyer. This could get complicated, so it's best to have legal advice all the way through negotiation and claims.
Wiki User
∙ 14y ago
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What to do when a contractor does not want to pay a sub contractor?
A subcontractor can turn to Construction or mechanics lien law in order to secure payment. By being lien law compliant, meeting specific requirements such as preliminary notices and within time restrictions, a subcontractor can withhold payments to the primary contractor or lien the property. Lien laws are state specific and you should check your state's statutes for the requirements and restrictions. Property owners can protect themselves from these liens by requesting waivers or releases from all subcontracts and the primary contractor for each payment as well as a Contractor's Affidavit at the end of the job in exchange for the final payment.
Are debris removal companies required to have insurance to protect against injury or damage to property?
All legitimate businesses have insurance to protect against injury and/or damage to property. Before engaging the service of any contractor, it is wise to make sure that the contractor is sufficiently insured.
Hiring a subcontractor that does not have general liability?
Don't do it, unless you know and absolutely trust the person. A good reputable contractor will be licensed and insured. He will also not be offended if you ask him to provide documentation. You need to protect your self. Saving a few bucks is not worth putting your life and potentially your financial future at risk by hiring a shady contractor.
What insurance should a contractor have when performing work on my home?
You should at least make sure that they are carrying $500,000 - $1,000,000 in liability limits on a general liability policy. This will protect you from any losses that they may cause such as a fire etc. You need to ask them for a certificate of insurance. Make sure you get it from their insurance agent and not the contractor.
does contractor general liability insurance protect the contractor from law suits filed against him ?
depending if your a corp. and what type s-corp,LLC.etc.. No they can still file suits against you but it can help with lawyers and payments. No it does not.
Does insurance cover damage from thermal treatment?
No,, Your home insurance policy does not cover work performed by your chosen contractor. That's what the Contractors Liability insurance is for.Your contractor who provided the thermal treatment service should have General Liability Insurance to cover damages that were created or caused by the work they performed.Never hire a contractor without first verifying they have the appropriate coverage to protect their clients.
What exactly is contractor liability insurance?
This insurance, though in some states isn't required is intended to protect the business owner from a wide variety of accountabilities and damages. It's much like car insurance only, for your business.
Can a subcontractor sue a contractor for nonpayment if the grace period for a mechanics lien has expired and the contractor is closing on the house in 2 weeks?
Yes--but the lawsuit would be for payment only, and not for foreclosure, since the grace period for the lien has expired. You may be able to get a prejudgment attachment against the house, so see a construction law or real estate attorney quickly to protect your rights.
Ways to protect the taj mahal?
it is protected by unesco but the is gas polution effecting the taj mahal
How can your attorney protect you against liens from a subcontractor?
Many states have a statute of limitations period wherein a subcontractor can only place a mechanics' lien on a homeowner's property if the action isinstitute within 90-120 days from the last date the subcontractor completed work on the homeowners property. If outside the statute of limitations period aforementioned, the subcontractor must pursue other remedies such as a lawsuit for breach of contract, unjust enrichment, etc.
Contractor Insurance Requirements?
For most business owners, one of the most significant recurring expenses they face is the cost of insurance.� Similar to many other business owners, contractors need to carry a few different types of insurance policies to ensure that they are compliant and stay covered. � � One form of insurance that they will need to carry is general liability insurance.� General liability insurance will cover a contractor in the event that something goes wrong when they are working on a project.� This could protect them from lawsuits filed from both their customers as well as current and former employees who are hurt on the job. � �����
How do you deal with a contractor if they inflate prices on your bill for repairing your home because insurance money is involved?
I would first call your insurance company and make them aware of your suspicion. Ask them to make another inspection to protect yours and the companies interest. You might then call a consumer hot line in your state if there is a fraud section for contractors. I would file a complaint against the contractor with the state and tell them what you said here.
