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What is general liability insurance cost if I have proof of subcontractor's insurance?
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Certificate of liability insurance?
It's proof of insurance.
How much does it cost for contractor general liability insurance?
CGL premium rate are generally based on your annual receipts and your labor costs, payroll and costs of subcontractors. Also effecting your insurance rate will be whether you require your subcontractors provide you with proof of their own liability insurance for their work performed or if you are going to provide coverage for the Subcontractor as well under your own General Liability Policy. This greatly effects the risk factor associated with your coverage. The above being said, You could find a rate as low as 16 hundred dollars a year for a small contractor or several million dollars a year for a very large contractor. It really just depends on the volume of annual work to be covered and the scope of coverage needed.
What kind of insurance should I require of a one man operation builder who uses all subcontractors in the state of South Carolina?
He should have a commerical liability policy that covers his subcontractor or the subcontractors should carry their own policies, ask if he requires them to cover themselves (more than likley) does he require them to show him proof of coverage.
Which states do not require liability coverage for auto insurance?
All states either require insurance or proof of financial responsiblity.
What are the requirements to get a NC drivers license?
Proof of age and identityProof of social securityProof of residencyProof of liability insurance
What is the law on auto liability insurance in Tennessee?
Tennessee requires "Proof of Financial Responsibility" which can be satisfied by liability insurance with minimums of 25/50/10. Otherwise, a bond or other assurance of ability to pay damages is required. Proof is not required at the time of vehicle registration, but penalties are incurred if proof is not provided at the time of an accident. Proof is required regardless of fault, so all parties must provide it. Most drivers opt for insurance.
Can you get liability insurance on your car if the insurance company totals it?
Normally yes. Some companies may require proof that you have repaired the car and it is road-worthy.
Is sr22 insurance provided by private insurance companies?
In the United States, an SR-22 is a vehicle liability insurance document used by some state Department of Motor Vehicles (DMV) offices. It provides proof that a driver has the minimum required liability insurance coverage for that particular state.
Are auto warranty companies exempt from carrying general liability insurance coverage?
No - they are not exempt - there really is no requirement for General Liability insurance such as there is in some states for auto insurance. To my knowledge there are no general laws that require any company to carry General Liability insurance. There may be local or state laws that require proof of insurance to access privileges, such as being licensed to conduct business in a town or state. Many entities require proof of coverage such as customers, lienholders, mortgagees, licensing entities (city, state, business, professional licenses), and many more. I do not believe there is a blanket "law" or requirement that applies to all business entities. In practical fact, it is the stakeholders in and around any business that "require" insurance to make the risk of doing business with the entity one that is somewhat controlled. Auto warranty companies may be only selling a promise to provide a service through another entity - the dealer or repair shop - and therefor try to advise an unhappy customer that they don't need insurance, i.e. go see the entity that was to provide the maintenance/repair. That does not mean the warranty company does not have insurance; most probably they carry both General Liability and Professional Liability. It is most likely they carry a VERY high deductible and REINSURE the rest and are probably part of a Risk Retention Group which further reinsures the exposure.
What is proof of liability insurance?
A certificate of insurance , with you named as the cewrtificate holder. However, you should always call the agent listed on the sertificate to verify that the coverage and policy is in force.
Does homeowner insurance cover a contractors mistake?
The contractor should be bonded and carry liability insurance and you need to require proof of this before they start. Homeowners insurance is not meant to guarantee work on homes.
What is the certificate of currency in insurance industry?
In Australia, not sure if its the same case in other countries, a certificate of currency is generally proof of your insurance and to my knowledge, your public liability insurance? My apologies, I do have a very limited understanding of the matter.
