Liability insurance protects you and your subcontractors if you're sued. Unless your contract with the client mandates liability insurance, subcontractors aren't legally required to carry liability ...
Have your company’s insurance premiums gone up even though your losses don’t justify it? There can be many reasons for such increases, but according to the American Subcontractors Association (ASA), ...
A subcontractor hired by a general contractor (GC) for a construction project has a certain scope of work, usually spelled out in a contract between the two. Included may be safety responsibilities to ...
With construction teams navigating the effects of the COVID-19 pandemic and the world’s material supply chains, securing project performance has perhaps never been at such a premium. If a contractor ...
DENVER, Sept. 8 /PRNewswire/ -- Crump Insurance Services, part of Crump Group, the nation's largest insurance wholesaler introduces an exclusive general liability program for subcontractors, both ...
A combination of macroeconomic factors and a desire to drive top-line revenue continues to lead many subcontractors to underbid projects, sometimes unintentionally, ultimately contributing to ...
In serving clients through his property management firm, Nicholas Racanelli found that many of the landlords and condo and homeowner association boards had vulnerabilities regarding insurance coverage ...
Incorporation Clauses: Does the Subcontractor Really Assume All Obligations of the Prime Contractor?
Many subcontracts contain a catch-all provision requiring the subcontractor to do everything the prime contractor is obligated to do under the prime contract. This is known as an “incorporation” ...
On June 29, 2020, the Michigan Supreme Court ruled that a subcontractor’s commercial general liability (CGL) insurance policy may provide a contractor listed as an additional insured on the CGL policy ...
Like any good sea captain, many CPA firms run a tight ship, ensuring staff are appropriately utilized and busy delivering client service. While this staffing model makes sense most of the year, there ...
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