No Insurance = No Entry for Board Members and Property Managers. A guide to protecting your building when hiring contractors will cover in detail what should be required each time a contractor is hired, the various insurance policies they should have and the minimum limits they should maintain.
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When hiring a contractor, it is important to make sure that you are properly transferring the risk to them. Failure to do so could potentially lead to lawsuits against the property owner and management firm. The best way to avoid problems with contractors is to be as clear as possible in your written agreements. It is vital that you understand what is required when hiring a contractor and that the distinction between independent contractors and employees is understood.
In this white paper, we’ll cover how to protect your building when hiring a contractor. Here’s a sneak peek at what we’ll cover:
Coverages a contractor should maintain
Necessary steps to properly manage contractor risk