Sub Contractors Proof Of Insurance Form

A subcontractor must provide evidence of the workers compensation insurance to the contractor.

Sub contractors proof of insurance form. It is highly recommended that you only hire subcontractors who can provide a coi. If a contractor seems reluctant or acts as if your request is unusual consider finding a new one. The form includes policy details such as coverage limits and effective dates so business owners can find and share them easily without revealing other more private. In this article we are going to inform you of the importance of hiring an insured contractor so you never make the mistake of hiring one without insurance.

By requesting the certificate of liability insurance you will have proof that the company has coverage and it is valid. Proof of insurance subcontracts typically require the subcontractor to provide some proof that it has the required insurance usually in the form of certificates of insurance coi. Most contractors will offer their proof of insurance as a normal business practice. A certificate of insurance coi sometimes called a certificate of liability insurance is a one page document that summarizes your coverage and can be used as proof of insurance.

Acceptance and or approval by ogs does not and shall not be construed to relieve contractor of any obligations responsibilities or liabilities under the contract. If the subcontractor is a corporation and the corporation has an officer who elects to be exempt the subcontractor must provide a copy of the certificate of exemption. For example if the contractor s each occurrence limit is 1 000 000 his insurance company may require the sub to provide a certificate evidencing the same amount of coverage. If one you re considered hasn t simply ask.

All cois should be reviewed carefully to avoid fraud. Business name must be named as an additional insured on a primary and non contributory basis. First things first do not hire an uninsured contractor but the only way to know if they are insured is to ask. However some insurance companies will require the subcontractor to carry a limit that matches the contractor s limit under his own policy.

When you are asking for proof of insurance you are asking for general liability insurance and workers compensation insurance. While cois may give a contractor some comfort they are not a guarantee that the subcontractor has actually met its insurance requirements. Proof thereof shall be supplied to ogs. Letter to subcontractors insurance requirements with the changing insurance market place our insurance carrier has mandated that our subcontractors provide us with evidence of their insurance coverage that meets the following criteria.

This includes having sufficient liability insurance along with workers compensation insurance. All insurance required by the contract shall name the people of the state of new york its officers.