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How do you find out if a contractor has liability insurance?
It depends on the state most of them will have a website that you can check with the contractors state license board. Ask for a certificate of insurance.
What is the importance of proposal form in insurance?
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Is auto insurance cheaper than other insurance?
The only answer one can give on this is 'it depends'. Usually it is more expensive than homeowners insurace, but less than workers compensation or liability insurance on a roofing contractor.
What is mobilisation guarantee and advance payment guarantee?
In civil construction projects advance is given to the contractor which is known is as Mobilization Advance. It is normally 15% of the total contract value. The prerequisite for the issue of advance is that contractor has to provide a guarantee in the shape of Bank or Insurance equal to the amount being issued to the contractor. Mobilization advance is deducted from the bills of contractor in equal installments covering the project period. On completion of recovery Guarantee provided by the contractor is released.
What is the importance of mainframe computers in banking and insurance companies?
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Does the owner or contractor purchase professional liability insurance?
Traditionally the contractor provides the Insurance. The owner verifies that the contractor has insurance prior to hiring that contractor.
What does an insurance contractor do?
The job of a insurance contractor is to find you the best deal possible for your insurance needs. This could be anything from motorcycle to mobile home insurance.
What is an insured contractor?
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
How can i get a copy of a contractor's liability insurance policy?
Ask the contractor for a copy.
A contractor and his subcontractor are working the same job and the sub damages the contractors equipment whos insurance pays?
The contractor should make a claim upon the sub-contractors insurance and/or bond. If the sub-contractor defrauded the contractor on having insurance and/or bonding in place then he should report the contractor to the State licensing board, file claim on their insurance, and civil lawsuit (if the insurance company does not directly file or pay).
Which companies offer IT contractor insurance?
There are several companies that offer IT contractor insurance. Hiscox, Markel UK, The Indemnity Brokers and Contractor UK are amongst the few that offer it.
How much is insurance for a contractor in Idaho?
It depends on what type of contractor. Contact a local insurance agent who will be able to give you a quote.
Where can you purchase contractor insurance?
Contractor insurance can be purchased through the Aegis, Nationwide and Progressive insurance companies. Also, both the Contractors Insurance business and organization sites offer aid on the subject.
How much professional liability insurance does a sole proprietor painting contractor need?
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
Can I accept property money damages from both my contractor's insurance co and my homeowners insurance?
No!! It is highly illegal for you to do this. When you make a claim on you home insurance for something that was the fault of your contractor you sign over all subjugation rights against this contractor to your insurance company. This means that if your home insurance pays any part of this claim you give them all your rights to go after the contractor, which they will do. They will go to the contractor and their insurance company to get reimbursed for any amount they paid plus costs. In most states it is considered insurance fraud for you to even try to collect damages from two places for the same claim.
What is recourse for homeowner whose insurance company paid contractor in full and contractor refuses to complete the job as agreed to with the insurance company?
Your contract with the tradesman is between "You and the Contractor", He did not contract with your insurance company. All the insurance company did is agree to pay the bill for you. So you would need to bring your own civil or criminal action against your contractor depending on the circumstances.
how to get insurance papers of contractor who refuses to give them?
If your contractor refuses to give you copies or originals of the insurance papers, contact the insurance company themselves. If the insurance company name is not known, call the state you live in to inquire.
