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post #1 of 6 (permalink) Old 09-28-2015, 10:46 AM Thread Starter
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I am wondering when performing work for a regional property preservation company is the contractor required to have insurance ? such as general liability, workmen's comp, & E & O ? or do you operate under an umbrella ? Also, how does payment for background compliance such as IAspen, Sterling, etc. work ?
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post #2 of 6 (permalink) Old 09-28-2015, 11:37 AM
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... is the contractor required to have insurance ? such as general liability, workmen's comp, & E & O ?...
FIFY
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post #3 of 6 (permalink) Old 09-28-2015, 12:26 PM
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Depends on the Regional. i will say this, there is a move underway right now to make all subcontractors for company covering large areas with 3 or more subs underneath them to get EO.

Most Regionals just require General liability.
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post #4 of 6 (permalink) Old 09-28-2015, 03:56 PM
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I always required.
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post #5 of 6 (permalink) Old 09-28-2015, 05:51 PM
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Quote:
Originally Posted by disgusted View Post
I am wondering when performing work for a regional property preservation company is the contractor required to have insurance ? such as general liability, workmen's comp, & E & O ? or do you operate under an umbrella ? Also, how does payment for background compliance such as IAspen, Sterling, etc. work ?
Have you been wondering this since 1999????
http://www.preservationtalk.com/showthread.php?t=8809

Iíve already told you more than I know.
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post #6 of 6 (permalink) Old 09-29-2015, 08:57 AM Thread Starter
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Nope, until recently I never gave it a thought. Over the years I have been contacted by various contractors to come onboard. I use to request their pricing, some would provide a fee schedule, some would not. After looking over the pricing I would never move any further. I was always curious how it could be possible to make any money with any of them if I had to provide general liability, workmen's comp, and E & O insurance.
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