Primary and Noncontributory: What Does It Mean? Construction contracts often require a subcontractor’s general liability insurance policy to name the owner or general contractor as an additional insured on a “primary and noncontributory” basis. This seemingly simple s ability to start the project. The International Risk Management Institute recommends that risk managers not include this requirement in contracts. Insurance agents can add wording to a certificate of insurance o

When calculating premiums for workers compensations insurance quotes for restoration contractors, underwriters take into consideration your company’s experience modification rate (EMR). This compares your company’s annual losses in insurance claims against those of similar businesses and multiples your EMR by your base rate to determine your premium. An EMR of 1 is average. If you’re over or under the average, your premium is adjusted accordingly. So anything you can do to p

If you have at least one employee, every state in America except Texas requires that you carry worker’s compensation insurance. Like many other necessary business expenses, the cost for workers compensation insurance for restoration contractors are increasing. Here are some tips to help you manage your policy. Proper policy management may help you qualify for more affordable workers comp quotes and save on workers compensation insurance. Workers Compensation Insurance Policy

From time to time we come across claims scenarios to some of our restoration contractor clients where we feel the loss is important enough to share in hopes your company can avoid a similar situation. A restoration contractor recently experienced two serious lacerations injuries within a few months’ time to employees installing flooring. The first injury occurred when a worker using a toe-kick saw lost his balance and sustained a large wound to his thigh when the saw recoile