Labor Force Insurance

Dallas contractors insurance general liability 972-217-8907 , today, Monday is full of sun a blessing we will take. Hopefully you had a great weekend and thank you for dropping by today we answer the phones from 7AM til 7PM Monday through Friday. Now as we said yesterday, (typed) we would go over some of the things that may be not be covered (exposures) fiscal dangers that could be problematic.  You work alone or you may even be a general contractor. Today’s blog is for the both of you. Let’s get started on your Dallas Contractors general liability.

You may not know this

There can be some confusion in the air of what a contractors exposures may be as concerns their company and there could be some sound reasoning behind the statement of: I am not responsible for Sub-Contractors. Understanding this might be true is some situations yet it’s not impossible that your company can be exposed. Let’s say that you hire a contractor to do a small water gutter job for a client of yours. You hire the guy, you don’t do gutters, you may be a…

• Roofing Contractor
• General Contractor
• Handyman
• Remodeling contractor
• Flooring Contractor

Now, there may be a thousand different kinds of reasons that you hired a subcontractor and in our make believe story we have a satiation where the subcontractor is putting in gutters on a home and then there is a problem. He, the contractor of the gutter kind falls off a ladder and is hurt on the job that you hired him for. Now, here we go.

You is going to pay?

Now, in our story the homeowner has insurance and pays $ 50,000 for the bodily damage. The question is what do you think happens next? Does anyone believe the homeowners insurance that just settled A $ 50,000 claim is just going to forget that about this or do you think that the company is going to try and recoup their loss. There can be a thing called transfer of rights, meaning that the company now holds the debt and has the right to collect and thins may have nothing to do with your Dallas Contractors insurance general liability.

What could happen next

The Insurance company may ask who was in charge? There is the possibility that the person that hired the Subcontractor could end up with a situation where they are asked to reimburse the $ 50,000 dollars in losses back to the insurance company. Now, this may never happen if you have a loss where a subcontractor is hurt on a job. This company may have workers’ compensation and you may never pay a dime. You might want to ask you agent about this type of exposure.

Disclaimer

You know this is a made up story so only you can say if this could ever happen to you. For me, this is one persons opinion and nothing more. I/this blog and website offer no warrantee or guarantee whosoever. EVER. Everything here is for entertainment and informational only. For more information on our disclaimer click here.