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What Insurance Documents Should Contractors Get from Subs They Use?

In our latest video, we discuss the crucial insurance documentation New York contractors must obtain before subcontractors start work on any project. These key documents ensure protection and smooth project execution. Here's what you need to look for: 1. Certificates of Insurance: Confirm that subcontractors have the required coverage and clearly state their liability limits. 2. Additional Insured Endorsement: Ensure the contractor is listed as an additional insured in the subcontractors' policies for added protection. 3. Primary and Non-Contributory Coverage: Subcontractors' liability policies should be primary, covering claims first without involving the contractor's policy. 4. Waiver of Subrogation: This clause prevents the subcontractor's insurer from seeking reimbursement from the contractor. 5. Contractual Liability: Verify that the policy includes coverage for liabilities assumed under the contract. 6. Workers' Compensation Coverage: Subcontractors' certificates must show proof of workers' compensation coverage to handle workplace injuries. 7. Insurance and Hold Harmless Agreement: Keep a signed agreement on file where subcontractors hold contractors harmless for incidents from their work. Remember, many New York contractor liability policies require specific minimum coverages from subcontractors. Failing to meet these requirements can jeopardize coverage for claims due to subcontractor negligence. For guidance on construction insurance, New York contractors can rely on BGES Group. Specializing in insuring contractors, BGES Group offers expert advice and support. Contact Gary Wallach at 914-806-5853 for assistance. Need a sample insurance and hold harmless agreement for subcontractors? BGES Group can provide one—just reach out to Gary Wallach at 914-806-5853.