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...ired the subcontractor to perform roofing work with payment to be based on the...ther tort liability claims involving workers.

...se the issuance of contracts to contractors. These contain insurance and indem...laneous duties include supervising contractors' Certificates of Insurance, att...

... the money. Then you're stuck with a potential uncollectable audit. When you're marketing coverage for a contractor, be certain of the type of work it performs. If a company is writing what it thinks is a carpenter, only to find out through a claim that roofing is also being done, you could have a real problem. Get the contractor to detail in writing the type of work it performs. If you know that a company won't write for your contractor's type of work, tell the insurer up front and document your ... have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Insuring Contractors? Be Careful - It Can Be A Big E&O Headache 4/30/2013 10:44:08 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. INSURING CONTRACTORS? BE CAREFUL - IT CAN BE A BIG ... With very few exceptions, most agents can count at least a few contractors among their clients. Unfortunately, this class of business probably accounts for more E&O claims than any other. While the property coverages are easy to find markets for, General Liability and Workers Compensation coverages aren't as easily found. And if the market is hardening, finding coverages for contractors will become increasingly difficult. These are some of the issues that you'll probably face: Many contractors, especially the smaller ones, like to self-insure. At the time ...

... is not required to carry Workers Comp insurance. The actual construction of houses is subcontracted out. A subcontractor with employees, however, must show the general contractor proof that it carries this coverage. While building a home, the general contractor hired the subcontractor to perform roofing work with payment to be based on the square footage of the completed roof. The subcontractor did not carry Workers Comp, and it was understood that he would not employ anyone. However, the subcontractor hired a worker to assist him: an experienced roofer who ... Special Employers, And Workers Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status continues. More and more employers are creating contracts without providing Workers Compensation coverage and other mandatory and voluntary fringe benefits. (These contracts may also be intended to eliminate the employer's responsibility for Social Security, Medicare, unemployment insurance taxes, and so forth) ... , tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Statutory Employers, Special Employers, And Workers Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status continues. ...

... not required to carry Workers' Comp insurance. The actual construction of houses is subcontracted out. A subcontractor with employees, however, must show the general contractor proof that it carries this coverage. While building a home, the general contractor hired the subcontractor to perform roofing work with payment to be based on the square footage of the completed roof. The subcontractor did not carry Workers' Comp, and it was understood that he would not employ anyone. However, the subcontractor hired a worker to assist him: an experienced roofer ... , And Workers' Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS' COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status continues. More and more employers are creating contracts without providing Workers' Compensation coverage and other mandatory and voluntary fringe benefits. (These contracts may also be intended to eliminate the employer's responsibility for Social Security, Medicare, unemployment insurance taxes, and so forth ... , tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Statutory Employers, Special Employers, And Workers' Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS' COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status ...

... they should evaluate risk exposures to see that protection features are commensurate with the hazard. This is not easy. Many potentially catastrophic risks are unwittingly assumed through ignorance in various ways, including: Failure to recognize an unusual property peril, such as snow loads on a roof Inability to identify a hazardous condition, such as loss of business income or costs associated with setting up a temporary location Ignorance of policy exclusions or mandatory conditions-for example, exclusions for damage to property in your custody or a requirement to report all occurrences that might lead ... . The chief of public works, chief engineer, or similar official may be responsible for maintaining building values and informing the risk manager of any changes-deletions or additions of properties and change in costs or values. This person will also frequently supervise the issuance of contracts to contractors. These contain insurance and indemnity provisions that should be carefully worded and supervised. The chief engineer may also design and maintain loss-prevention equipment, so close cooperation with the risk manager is essential. Counsel. The chief legal officer writes contracts that usually contain indemnity or ... other peril, including financial dislocations caused by the need to carry on activities in substitute quarters Claims from persons injured (either bodily or through property damage) by an act or omission of the entity Payments mandated by law, such as medical and indemnity payments to injured workers (Workers Compensation) All these expenses are subject to management control. In fact, they're probably more susceptible to reduction from skillful handling than most areas of finance. Too many risk-management programs have been permeated by insurance thinking-which is natural, since insurance agents and brokers ...