Insurance Companies and GCs
Yes, they are required to pay normal cost of doing business for the contractor (Job related or GC) according to the Texas Department of Insurance. They only have to pay the amount that was agreed on at the beginning of the contract, but should include OHP. Yes, there are plenty of laws and regulations that address overhead and profit. Contractors charge it and insurance companies pay it. That's the nature of the beast. Also, insurances charge insureds in their policies to cover it and keeping it is an illegal windfall. The insurance company that doesn't pay it is not only an exception to the rule but runs the risk of breach of contract and bad faith lawsuits as well as sanctions by insurance departments. There has been much litigation against insurance companies that mess around with overhead and profit, including several class action lawsuits against major insurance companies.
As of this date, liability insurance is not required but SB2029 requires that home improvement contractors disclose to home owners in writing to any potential customer whether or not they carry commercial liability insurance.
If you mean, "why," one possible reason is that health insurance reform required health insurance companies to spend the money they receive in premiums on, um, actual health care and not excessive overhead such as inflated executive compensation. .
There are a variety insurance companies that offer insurance in Ottawa. Which of these companies is the best is dependent upon many variables and what type of insurance is required. The best way to find which insurance is the best is to get individualized quotes from an insurance company.
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.
There are many reasons a government contractor would be required to have DBA insurance. The most common reason one would have insurance is for legal protection.
Several companies sell car insurance in England, since drivers are required by law to have car insurance. Some companies include Aviva, AXA Car Insurance, Endsleigh, and Tesco Bank.
Allstate insurance offers term life insurance with no exams.
When looking to buy insurance for the company limousine it may be possible to save time by buying the insurance required online. Companies such as Willis Programs and Lancer Insurance advertise that they sell specialized limousine insurance.
No. most insurance companies actually will put your boat on your house insurance believe it or not. Some companies still put it on the car but they are just trying to get more money out of you.
No. Every insurance companies are required those applicants to have at least one car to avain a car insurance.
One may contact a variety of companies depending on the insurance required. For health insurance consider companies such as Bupa and PruHealth. For automobile insurance consider companies such as Tesco or Churchill. For buildings and contents insurance one may consider companies such as Royal Bank of Scotland and Axa. One may also visit the 'MoneySupermarket' website to find further information on varieties of insurance and the best companies to visit for quotations.
Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades
Insurance companies in the state of Texas are required to offer you PIP insurance, and you can refuse to purchase this. In the state of Texas, you are required to pay any damages you make in an accident so PIP is handy just in case.
It depends on how smoothly you want the insurance claim to go. Generally, insurance companies resist paying if there is no report to the police.
yes. I am an insurance agent for one of the biggest insurance companies out there and Iowa law states that anything with a motor on a roadway has to be insured.
The legislation differs depending on which country and region you are in. Some regions/country provide a state-run health insurance, so companies are not required to have one.
Under insurance is the situation where your insurance coverage is less than what is required to cover any loss you would incur. Insurance companies do random checks and base any quotes on the market averages to try to avoid the occurrence of under insurance.
Yes, all contractors even brick paving contractors are required to be licensed in the state of Arizona. You simply pay a fee to get your license.
Auto Insurance quote is used to know the rates and coverage of vehicle insurance from insurance companies after providing required details. Today many auto insurance companies provides online insurance quote form in their website though which any one who needs auto insurance can get quote, almost free of cost.
Homeowners insurance is available from a large number of insurance companies such as Swiftcover or Hastings. Whether someone wants it cheap or not it is best to read the terms and conditions carefully to make sure it covers what is required.
Yes you would be required to carry a contractors license and the state would require to carry liability insurance and a bond.
You need an insurance license, an insurance brokers license, and insurance companies willing to take you on as a broker for their insurance coverages. Check with your State Department of Insurance for details.
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.