Do you know your insurance requirements?

摘要

Contractors sign agreements every day that are prepared by their customers or the customer's designer or attorney. Although these contracts may cover dozens of subjects, nearly all of them require the contractor to purchase insurance and show evidence of that insurance beforernstarting work. As I have discussed before in this column, the insurance marketplace has been volatile in the last few years, and the coverages required by a contract's insurance clause may be very expensive or even impossible to obtain.