Search for: "Contractors Bonding and Insurance Company"
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28 Apr 2017, 6:00 am
It is important to note that while surety companies are almost always insurance companies, there are radical differences between suretyship and insurance. [read post]
23 Oct 2019, 5:00 am
The principal applies for a bond from a surety which provides assurance to an obligee (such as a supplier that) it will do what it is supposed to.As part of the underwriting process, when contractors want to become bonded, the surety (an insurance company that is able to write surety bonds in the state) has the contractor (the principal) sign what’s called an indemnity agreement. [read post]
5 Nov 2010, 9:08 am
In addition, the contractor made false representations as to workers' compensation coverage and employer's liability insurance, performance bonds, and notarizations connected to the dam contract. [read post]
4 Apr 2012, 12:19 pm
To obtain insurance and bonding contact a local insurance agency, preferably one that works with local sureties like Contractors Bonding & Insurance Co. or Liberty Mutual, or check out a site like SuretyBonds.com, which provides online bond inquiries. [read post]
9 Oct 2011, 6:40 pm
The insurance industry asserted that general liability insurance is not designed to be a performance bond and that if contractors wished to be insured against claims by owners for their own negligence during construction, then that would convert the insurance into a performance bond. [read post]
17 May 2012, 12:24 pm
Instead, they tend to be governed by contract; specifically, they are governed by the contract between the surety (the insurance company providing the payment bond, the obligee (the person requiring the bond), and the obligor (the person performing the construction contract). [read post]
30 Jan 2014, 4:48 pm
Surety bond issues: Many contractors or construction companies are required to be bonded before being allowed to bid or begin work. [read post]
25 Nov 2013, 1:42 pm
Bond Safeguard Insurance Company (October 22, 2013, E052746) ___ Cal.App.4th ___, a developer posted a series of full performance and labor and material bonds. [read post]
11 Oct 2022, 8:28 am
To be clear: contractors cannot negotiate your claim with the insurance company. [read post]
30 Jul 2015, 6:02 am
The department confirms they have liability insurance and a bond and that, if they employ workers, they’ve paid their workers’ comp premiums. [read post]
13 May 2011, 4:29 pm
The contractor must be qualified, Joe and Jane thought, since the truck advertised in big letters that the contractor was "Licensed * Bonded * Insured. [read post]
11 Jan 2013, 7:12 am
(Independent contractors such as community management companies, landscape companies, exterminators, etc. do not count as employees). [read post]
2 Jan 2017, 6:15 am
In the case of IES Commercial, Inc v The Hanover Insurance Company, the Court examined a contractual clause between Thor Construction and IES Commercial in tandem with the bond language between Hanover Insurance Company and Thor as it related to a surprisingly familiar scenario. [read post]
19 Aug 2007, 1:00 pm
In the past 12 years, insurance company net income has soared--even in the wake of Hurricane Katrina, the worst natural disaster in U.S. history. [read post]
13 Sep 2017, 9:00 am
They also carry a corresponding financial risk and bonding requirement that may be beyond the capability of a single company. [read post]
2 May 2011, 9:18 am
Back in December, I mentioned that Seattle-based Contractors Bonding & Insurance Company had been purchased in a private sale with RLI Insurance. [read post]
3 Feb 2014, 7:27 am
What are the consequences for your company when one or more parties in the contractual chain demand to be added as “additional insureds” to your insurance policies? [read post]
3 Jun 2011, 10:56 am
Because insurance companies refused to issue the necessary coverage to contractors, work could not begin on any new projects until the law was reworked. [read post]
4 Jun 2007, 10:00 pm
ING Insurance Company of Canada which held that any damage to other parts of the building resulting from the contractor’sdefective workmanship was not covered by the policy based on the principle that a CGL policy is not intended to be a performance bond. [read post]
10 Jun 2011, 5:04 pm
Because Deco Electrical Contractors is no longer in business, the back wages have been paid by the company's surety bond insurer. [read post]
