E534: Subcontractor Insurance Coverage

Are your subcontractors carrying the right insurance?


  1. Insurance is complicated but an important aspect of risk management
    1. It protects our business
    2. It protects our employees and customers
    3. So does our subcontractor’s insurance protect us?
  2. Are your subcontractors properly covered?
    1. Many of us collect insurance certificates but do we review them
    2. Do we know what our subcontractors provide
    3. Do we know what they should provide
  3. Get the correct coverage and info from your subs
    1. Don’t just collect certificates for file filler
    2. Review and require the right coverages
      1. Talk with your carrier
      2. Review your contracts
    3. Start collecting, reviewing and tracking your sub insurance

E444: Managing Our Insurance Coverage

Insurance is supposed to be there when you need it. Are you covered?



  1. Insurance is important and covers us when things go wrong
    1. We covered W/C, today is about other insurances
      1. General Liability / Errors & Ommissions / Property / Etc.
    2. Covers us in catastrophic events
    3. It keeps us in business
  2. Making sure we are covered properly is important
    1. We rely on our agents to do this
    2. Are you covered if?
    3. Are you paying a fair price?
  3. How can we as contractors possibly know all about insurance
    1. We can’t know it all so we rely on agents
    2. Our job is to ask questions
    3. Make sure our agents understand our business
    4. Make sure our agents are doing their job and getting us quotes

E439: Stay On Top Of Your Workers Comp Insurance

Workers comp protects you and your workers so don’t take it lightly.


  1. Workers comp is important insurance in the construction industry
    1. It protects our company in the event that someone is injured
    2. It protects our workers in the event they are injured
    3. It deserves some attention
  2. Key things to understand about workers comp
    1. Worker classifications
      1. Your rates are determined by the classification of the work your employees perform
        1. A common labor versus an iron worker
        2. An equipment operator versus a clerical worker
      2. Your rates are adjusted based on audits of your payrolls
    2. EMR – Experience Modification Rating
      1. This is a rating of your past performance as it relates to claims and safety
      2. This rate is a multiplier that is used to adjust your total premium
        1. If your premium is calculated to be $100,000 and your EMR is .80 you will pay $80,000 not $100,000
    3. Make sure your agent understands your business and represents you properly
  3. With an understanding of these key things we can do our part to help control the costs of W/C
    1. Ask your agent questions to make sure they understand your needs – if not get an agent that specializes in construction
    2. Manage your payroll closely and make sure you classify your workers properly
    3. Work to lower your EMR – safety is key
      1. This is an added benefit of our focus on safety

E254: Insurance Coverage – Your Safety Net

Do you have the proper insurance coverage for your operations?

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E134: Professional Service Providers

“Get the right professional service providers to help propel your business to the next level.”

Do you have the right professional supporting your business?

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