Subcontracting is the practice of assigning part of the obligations and tasks under a contract to another party known as a ...
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 ...
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 ...
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 ...
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 ...
PARSIPPANY, N.J., April 25, 2019 /PRNewswire/ -- Docutrax, a division of Risk Toolbox, Inc., today announced an exclusive, long-term partnership with ProSight Specialty Insurance of New York, New York ...
Insurance is supposed to be the safety net when something breaks or someone gets hurt, but that net has holes if a subcontractor is uninsured. Risk specialists warn that Hiring uninsured contractors ...
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 ...
It’s alarming how often subcontractor agreements are disregarded by companies that subcontract work to vendors. The biggest exposure tends to be for contractors who subcontract work regularly. However ...