CERTCON Services For The Construction Industry

General contractors have exposures from many sub-contractors on all the projects they construct. These exposures are transferred to the subs through the sub-contract, in its indemnities. The indemnities are to be backed up by the required insurance.

The subs must provide certificates of insurance evidencing the coverages. The subs are also usually required to name the owner of each project, as well as the General Contractor, as additional insureds on the subs' insurance policies and provide them waivers of subrogation.

The Problem Is...

• Checking Certificates of Insurance correctly takes more expertise than most people think.
• Understanding the intricacies of the additional insured, waiver of subrogation, transfer of rights, and other clauses requires experience in dealing with such.
• Checking them completely, responding, and following up is extremely time-consuming.
• You must, however, make certain that the other party carries the required insurance so that your insurance, or you, in the case of a high deductible, do not have to pay claims expected to be covered by the other party's insurance.

How CertCon Can Help:

The General Contractor can outsource to CertCon the myriad of activities associated with managing, monitoring, and maintaining certificates.

• Mail requests for certificates of insurance to subcontractors, and have them returned to CertCon. Follow up with notices if information is not returned.
• Analyze certificates of insurance for compliance with the subcontracts.
• Mail reports to subcontractors indicating compliance or non-compliance, and requesting corrections as required.
• Monitor expiration dates and request renewal certificates upon expiration.
• Re-analyze revised certificates and send follow-up non-compliance notices as necessary.
• Make the information instantly available online to allow General Contractors to stay informed of subcontractor compliance with insurance requirements.

Here Is What CertCon Web Report Information Will Indicate:

• If the subcontractors' insurance meets the lease agreement.
• Specific items of insurance in non-compliance.
• Non-compliance notices sent to subcontractors.
• Definitions of deficiencies in subcontractors' insurance.
• Subcontractors meeting accepted deviations.
• Insurance companies used by the subcontractors.
• A.M. Best ratings and licenses of companies used by subcontractors.
• Plus other pertinent subcontractor insurance information.