Contractors Insurance?
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Contractors Insurance? (by GKARL [PA]) Jul 12, 2018 5:05 AM
       Contractors Insurance? (by WMH [NC]) Jul 12, 2018 5:29 AM
       Contractors Insurance? (by AllyM [NJ]) Jul 12, 2018 7:57 AM
       Contractors Insurance? (by Robert J [CA]) Jul 12, 2018 8:44 AM
       Contractors Insurance? (by RentsDue [MA]) Jul 12, 2018 8:51 AM
       Contractors Insurance? (by Ed [PA]) Jul 12, 2018 5:03 PM
       Contractors Insurance? (by Nicole [PA]) Jul 12, 2018 5:52 PM
       Contractors Insurance? (by Livethedream [AZ]) Jul 12, 2018 10:44 PM
       Contractors Insurance? (by #22 [MO]) Jul 13, 2018 3:25 PM
       Contractors Insurance? (by Willy [PA]) Jul 15, 2018 11:36 AM

Contractors Insurance? (by GKARL [PA]) Posted on: Jul 12, 2018 5:05 AM

I have a job that involves sealing doors, capping windows and some basic carpentry. It's really not that much beyond a handyman type job, but will require one guy and a helper. The contractor is someone who I've used previously. He's employed somewhere full time and does stuff for me when he's off. I've not bothered with making him get insurance before. This job will probably run $ 1500 to $ 2000. Would you insist on insurance? Under what situations do you insist a contractor be insured?

Contractors Insurance? (by WMH [NC]) Posted on: Jul 12, 2018 5:29 AM

Here's what my insurance company told me: if a contractor (not an employee) doesn't have insurance and injures himself on our property, he would have to prove negligence on our part in order to sue.

Contractors Insurance? (by AllyM [NJ]) Posted on: Jul 12, 2018 7:57 AM

Had a big fat electrician climb a pull down wooden ladder into an attic. He must h6ave weighed 400 lbs. I told him th6e ladder would not hold h6im but h6e did not listen and it crash6ed down. I sh6owed him wh6ere th6e hospital was and he walked in. A few weeks later I received a letter from his lawyer that he would be suing us. Fortunately for us, not him, he fell off th6e top of a pole and died. He was a crook and was too large to be climbing anything5.

Contractors Insurance? (by Robert J [CA]) Posted on: Jul 12, 2018 8:44 AM

Hum! What kind of insurance do you want them to have, since there are so many? Liability? Workers Compensation? Do you want to protect yourself in case someone gets injured? Or, to protect you property from damage? Think about it. Here in California insurance is so expensive that the price has to almost double to cover those costs. If you have a really good property fire policy with liability, it may cover some of those things -- but not in California, the State made insurers limit landlord coverage so we'd have to buy additional insurance from a state owned insurance provider. What a scam.. --47.156.xx.xx

Contractors Insurance? (by RentsDue [MA]) Posted on: Jul 12, 2018 8:51 AM

Maybe different states work differently, but I can tell you how this works from real life experience. The injured party I will need money when they are out of work for an injury. The world is ripe with ads from personal injury attorneys. They will go after you. They will win something, probably not as much as their starting price. Doesn't matter if you were not negligent, doesn't even matter if you have prove the guy is lying and is working while claiming to be totally disabled. The insurance company uses " cost benefit analysis" to determine the cheapest way out of a claim. Going to court to defend even a baseless claim against you costs more than settling they will settle for the cheapest price they can. The insurance company will raise your rates and everyone else's to compensate. That is why insurance goes up every year. Even if the contractor has insurance he can exclude himself on the policy and it is useless insurance. I'm sure others here have had better experiences. I'm just explaining it the way the insurance company did. Even when they know they have a solid win it is company policy to settle if it is more cost effective.

Contractors Insurance? (by Ed [PA]) Posted on: Jul 12, 2018 5:03 PM

I wouldn't bother for a small job like that. Years ago I did have a contractor injured while doing a job for me. I talked to the insurance agent and was told if I did not provide direction, provide tools and did nothing that would be grossly negligent not to worry. They can sue but my homeowners insurance company would likely settle out of court because it's cheaper than fighting.

Contractors Insurance? (by Nicole [PA]) Posted on: Jul 12, 2018 5:52 PM

I call the medical insurance coverage line on my policy the "go away" fund... I think mine is $5,000. in other words, the insurance will give someone making even a frivolous claim that money to get rid of them.

Contractors Insurance? (by Livethedream [AZ]) Posted on: Jul 12, 2018 10:44 PM

After I had the fraudulent workers comp claim about ten years ago, and dodged that bullet I've been very careful.

Casual labor on my home is covered by my homeowners. I forget the actual parameters. At the office, so long as it is not in the course of our normal business (firearm training) we are covered on jobs of less than $2,500. In other words I can hire a casual painter, but not a range cleaner. However when we had the apts - all work needs WC as a minimum. I stretched it with my cleaner and painting.

But during our recent sale the buyer wanted their roofer and inspector to go on the roof. We nearly had a knock down drag out fight over their insurance. I finally told my agent to tell the buyers agent that nobody was allowed on the property until I had their WC and liability coverage, AND verified.

The contractors were fine, it was the buyees and their agent who though they would walk on me. The contractors had their docs emailed the next morning no problem. The agent had never heard of anyone actually checking.

That building has crazy slippery tile, I nearly went off it once. Nobody goes up there without insurance. I was ready to cancel the sale over it. And after all that the roofer didn't even go up, just needed the sq footage.

Bangs head on table.

Contractors Insurance? (by #22 [MO]) Posted on: Jul 13, 2018 3:25 PM

Wmh, I'd never trust what your agent said, unless your state is by far the most pro business anti worker state. In our state, imo, Ambulance chasers will sue every chance they get, regardless of negligence.

Plumbers and electricians for me have to have gl. I now carry workers comp...more so to protect me if they get hurt.. a total racket, but I sleep better with it

Contractors Insurance? (by Willy [PA]) Posted on: Jul 15, 2018 11:36 AM

Seems like I saw a notice in my latest Erie insurance policy about them warning me not to hire uninsured workers for fixing things on my rentals. Just another thing they are "excluding" while charging more.

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