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Are general contractors required to have libility insurance in NC?
Wiki User
∙ 11y ago
No
Wiki User
∙ 11y ago
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How much general liability insurance should a tenant be required to carry?
Liability requirements should be commensurate with the risk expsoure excountered. One might ask, What is the maximum libility exposure of the tenant? This would be the amount of liability insurance to carry.
Why is general contractor insurance required?
Contractors will be required to carry a minimum of public liability insurance when working on sites. This provides indemnity against damage to property or persons caused by the contractor, his staff or his equipment.
What are the main rules used by contractors general liability insurance?
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
What sort of insurance does one need for a sole-proprietor masonry business?
Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades
Are no general contractors allowed to rent bucket trucks?
General contractors are allowed to rent bucket trucks as long as they meet the required qualifications. They would have to have a license to operate it on private property and they would also have to carry the insurance incase something happens.
General contractors general liability class code?
Insurance class code 41620
Are contractors required to have liability insurance in Texas?
No, there is no legal requirement at the time of this answer. There is however a requirement for registration with the state of Texas. Having General Liability Insurance though is the first sign that you are hiring a responsible and perhaps reputable Contractor.
Are defense expenses paid in a contractors professional liability policy?
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
As an independent sub-contractor are you required to get professional liability insurance?
This depends on a number of things. It's hard to say without knowing what kind of work you are sub-contracting. First determine if you need Professional Liability coverage Or Commercial Liability Coverage. They are very different products. Most General Contractors do require the subs to carry insurance. Otherwise the General Contractor will have to pay much more for insurance coverage that effectively covers his or her own activities as well as those of the sub-contractors. If the General Contractor you are doing work for already has coverage for his subs under their insurance (usually not). What is the nature of your agreement with the General Contractor. Some Contractors insurance policies cover subs while others do not.
What kind of insurance do you need for a demolition business?
Most clients demand that demolition contractors have commercial general liability insurance before they hire them. Demolition insurance coverages are designed to meet the specific demands of the demolition industry. Contractors face a variety of potential risks, so it's critical to have the correct insurance coverage in place.
What is the Liability of homeowner acting as General contractor?
Homeowners insurance does not have liability coverage for your job occupation. You can obtain contractors insurance for liability coverage.
What insurance obligations contractor have if subcontractor has no insurance and caused the loss?
The primary contractor is going to have to cover the loss since the uninsured sub was working for them. It is the General contractors responsibility to make sure his sub-contractors were properly insured.
