answersLogoWhite

0


Best Answer

This is not as simple a question as it may seem.

Subcontractors generally carry their own liability insurance. The General Contractor should verify that the sub contractors insurance either matches or exceeds their own policy limits as this is part of the contract terms for almost every general liability policy.

In effect if you let an uninsured subcontractor work on your job, unless you endorse your own policy to cover the subcontractor and pay the additional premium, their would be no coverage under the General Contractors insurance policy for liabilities of the Subcontractor. Basically if you get this wrong, the General contractor will be on the hook and out of pocket for all the subs damages with no coverage for it.

If you want the subcontractors covered under the General Contractors insurance policy it can certainly be done but will be significantly more expensive as you would be asking to insure a third party''s work.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does a contractor need to be on the subcontractors policy as additional insured?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is an insured contractor?

An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.


Tender documents required a CAR policy. what is the full form of CAR?

It is contractor's all risk policy to be insured by contractor for the work.


What is a Additional named insured?

Individual added to a life insurance policy other than the insured named in the policy. For example, an insured father can have a dependent son and daughter added to the policy as additional insureds. In many instances, adding an additional insured to an existing policy is less expensive than purchasing a separate policy for that insured. In property and liability insurance: another person, firm, or other entity enjoying the same protection as the named insured.


Can an insured be removed from a Homeowner's policy without their written permission?

Yes. The primary listed insured is also the owner of the policy. The primary insured can add or remove additional insureds as they see fit.


Should a cosigner be named as additional insured on auto insurance policy?

Yes


What is the difference between a named insured and an additional insured on a general liability policy?

Attorneys will often say there is no difference, when it comes to extending coverage for legal liability. However, depending the specific additional form used there might be substanial differences in the portion of the general liabilty policy that is extended to the named insured versus the additional insured. For instance, older additional insured forms (CG 2010 11/85) extended coverage to the additional insured for "Products/Completed Operations". New forms use wording such as "ongoing operations of the named insured" that limit coverage to the additional insured to the "Premise/Operations" portion of the CGL form. In addition, an additional insured generally has no right to: * Request policy endorsements or cancellation * Receive copies of the policy contract, other than the a/i form and a certificate of insurance The purpose of an additional insured is to protect the rights of another party that might become legally liable for the actions of the named insured. For instance, a landlord might become entangled in a lawsuit caused by the actions of his tenant. By naming the landlord as additional insured, the named insured extends coverage, especially defense costs, to the landlord. The tenant's insurance company would have to defend both the named insured and the additional insured. Additional insured's are a common and increasingly important part of liability insurance. It is important you make sure your agent is aware of the specific nature of the relationship you have with the additional insured, to ensure the proper additonal insured form is provided. I generally like to review my clients contracts - including leases - to make sure the policy and a/i form are compliant.


How much is contractor's liability insurance in Texas?

There is no simple answer to the question. Every contractor has his or her own risks associated with the type and volume of work performed. It could easily be anywhere from 500 to 50,000 dollars or more depending on the risks presented.


Is additional insured the same as insured as used in a business income coverage policy?

An Additional Insured is only used for General Liability coverage. Since Business income is a property coverage, they would not be insured. Also, business income is designed to pay for loss of income to the insured, not lienholders, or contractors they are performing jobs for.


How do you tell if an insurance policy is endorsed if you are the additional insured on a certificate of insurance?

If you are insured then you should see your name on the certificate itself or on the referenced endorsement page.


What is excess insurance mean on an subcontractors insurance?

The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.


Will your homeowners policy cover damage caused by an uninsured contractor?

No, homeowners insurance does not provide coverage nor warranty for our chosen contractors quality of workmanship. That's why we always want to verify that a contractor is insured before allowing them to start work on our home. The first sign of a reputable contractor is that they carry the appropriate coverage for the work or services they offer. Never hire a an un-insured contractor.


Must a tenant pay the insurance company of the landlord for negligence in Ohio?

The answer dependent upon a few factors. If the tenant is an additional insured (sometimes called an additional named insured) on the policy, the insurer's right of subrogation (recovery from the at-fault party) usually does not apply. This is because upon the facts stated, the tenant is also an insured under the policy, so the insurer would in effect be subrogating against its own insured. If the tenant is not an additional insured or an additional named insured, the analysis would depend upon the terms of the lease. Some leases allow this kind of recovery, and others hold the tenant harmless.