Contractors
Identify and Mitigate Costly Insurance Gaps for Contractors Before They Cost You
In the fast-paced world of contracting, even minor oversights in insurance coverage can lead to significant financial setbacks. Our comprehensive program is designed to help contractors identify and address common insurance gaps that can cost them money. Here are some critical areas where contractors often face challenges:
The 'Additional Insured' Trap
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The Gap: Many GCs now require “Ongoing AND Completed Operations” wording on your AI endorsements. If your policy only covers “Ongoing,” you are in breach of contract the moment you pack up your tools, leaving you liable for years of future claims.
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The Fix: We verify that your AI wording mirrors the exact requirements of your Master Subcontract Agreement, ensuring you stay compliant from ground-break to final walkthrough.
Missing Contractual Language (Waiver/Primary)
Inland Marine: More Than Just 'Tools'
Auto & HNOA Exposure
The Workers' Comp Leak
The Umbrella Ceiling
Our Program Includes:
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- 15-Minute Coverage Gap Scan: A fast-track audit of your current declaration pages and certificates. Quickly identify potential gaps in your current insurance coverage and receive actionable insights to address them.
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- Certificate Workflow Setup: Streamline the process of managing and issuing certificates of insurance, ensuring compliance with contract requirements. Free advice on how to automate your COI requests so they are right the first time.
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- Quick Contract Requirement Checklist: A handy checklist to ensure all insurance requirements are met before signing any contract, reducing the risk of costly oversights. A “Cheat Sheet” for your project managers to use during the bidding process.
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- Annual Workers’ Compensation and Auto Cost-Control Review: A strategic plan to lower your two biggest insurance expenses over the next 12 months.
By addressing these common insurance gaps, contractors can protect their businesses from unexpected financial burdens and ensure compliance with contractual obligations. Our program is designed to provide peace of mind and help you focus on what you do best—delivering quality work to your clients.