August 19, 2020 | V3 Views:

Uninsured Subcontractors & Their Employees Can Cost You!

What if one of your subcontractors gets injured on the job and files a claim under your policy? And you forgot to ask and they failed to tell you that they did not have their own workers’ comp coverage. You are, in most states, responsible and it will cost you for years to come! Not only will you incur additional premium charges at audit, the low loss ratio and experience mod you’ve worked so hard to create could be gone in a flash.

Thankfully this is just a bad dream, you remembered asking and verifying that they had their own worker’s compensation coverage. Ensuring all your subcontractors have their own workers comp coverage is the only way to protect your business from uninsured subcontractor injuries.

Here’s a short list of questions you should ask every subcontractor.

  1. How long have you been in business?
  2. Are you licensed? (obtain a copy)
  3. Do you have your own worker’s comp policy? (obtain a copy)
  4. Do you subcontract any of the work? If so do you require the subcontractor to have their own coverage?
  5. Who’s doing the work and are they properly trained?
  6. Do you have a written safety program for your employees?
  7. Do you have someone designated as the safety coordinator while performing work?
  8. How will the work site be left at the end of the day?

Maintaining certificates of Insurance for each of your subcontractors will protect you from unwanted costs and claims.

Success through Safety

Help your clients reduce potential claims and avoid costly mistakes and accidents. Rely on V3's experience to understand your construction-specialty clients.

Backed by an A++ (Superior) Carrier, V3 Insurance Partners delivers unsurpassed workers compensation insurance coverage to help trade professionals protect their business.

We offer our Producers:

  • Knowledgeable and Accessible Workers Compensation Professionals
  • State of the art technology providing quick quote and bind, designed for small and mid-sized employers
  • Superior Claims Handling

Learn more about V3's Contractor Solutions and other products we offer Producers and Insured.

Thank you,

Pam Wagner,
SVP and National Practice Leader

V3 Views is your monthly quick tip from the knowledgeable minds of our practice leaders.

Readily accessible to address all your workers' compensation needs. With passion and conviction!

Pam Wagner,
SVP and National Practice Leader
(215) 600-0749

Pam Wagner,
SVP and National Practice Leader
(215) 600-0749