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Does GC Insurance Cover Subcontractors?

Levelset

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

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7 Things Contractors Need to Know About Retainage

Fieldwire

It is governed by the contract, which means it’s part of the agreement between two parties. Subcontractors who typically work at the beginning of a project — laying the foundation, for example — may be forced to wait months or years before they’re able to collect retained amounts. This can cause problems for a couple of reasons.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

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All About Site Preparation | What Is Site Preparation | Types of Site Preparation

CivilJungle

Soil testing charts many dissimilarity facts such as kind of foundation good for the site, agreement and linked guidance, rainfall chance, slope solidity, underground water level, soil power, soil categorized, and various details offered in the surveying reports. Site Prep for Foundation. Soil Testing and Report Investigation.

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#96:  Payment Bond Sureties and "Pay-if-Paid" Subcontracts

NH Construction Law

While New Hampshire’s Supreme Court has yet to take either side, it has held that when “a bond refers to and is conditioned on the performance of a specific agreement the latter’s terms become a part of the bond and the instruments should be read together as a whole. Foundation Constructors, Inc. , ” Paisner v.

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Hiring a Contractor - Julian Construction Blog

Julian Construction

Foundation Repair. Foundation Replacement. « Julian Construction Shares Tips For Maintaining A Foundation | Main. Also verify that the contractor is insured and carries workers’ compensation. Once you have verified that the contractor is licensed and insured, ask for references. Foundation Inspections.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. No work should ever be performed based on verbal agreements.