I work for a Contracting company, and I just found out that one of our subcontractors furnished us near a PHONY liability and comp certificate. What can we do reasonably in this situation?
Answers: It's call a "Ghost Policy"
Insurance brokers write them up constantly!
I don't think it's right
Don't foot him. AND, you report him to your state insurance department fraud division. And if he has to be licensed, to the municipal license division, or building department.
If the contract for business says he must provide you beside insurance, then he must, surrounded by order for you to earnings him.
do not allow him to work for you in the adjectives. Next time you want to hire a sub call his agent and ask/demand that you be added to both policies as a "name or other insured". If they will not do this forget it As far as this one, if nothing happen or no one make a claim you have no loss to be concerned in the order of.
Resolved Questions:
Insurance totaled motor - I can't carry reimbursed for smog check?
What is the difference between blankness and voidable contracts?
What is the best insurance provide for women who enjoy to own c-sections?
What if the sole beneficiary of a energy insurance policy is unconscious?
What is Catastrophe Bond?
What would be the best leeway for my mother?
Answers: It's call a "Ghost Policy"
Insurance brokers write them up constantly!
I don't think it's right
Home insurance canceled for nonpayment because hill froze my vindication?
Don't foot him. AND, you report him to your state insurance department fraud division. And if he has to be licensed, to the municipal license division, or building department.
If the contract for business says he must provide you beside insurance, then he must, surrounded by order for you to earnings him.
do not allow him to work for you in the adjectives. Next time you want to hire a sub call his agent and ask/demand that you be added to both policies as a "name or other insured". If they will not do this forget it As far as this one, if nothing happen or no one make a claim you have no loss to be concerned in the order of.
Resolved Questions: