Insurance & LiensQuestion 471 of 690
A general contractor requires each subcontractor to provide proof that they currently carry liability and workers' compensation insurance. The document the subcontractor's insurer issues to verify this coverage is called a:
a.Certificate of insurance
b.Notice of completion
c.Preliminary notice
d.Conditional lien waiver
Explanation
A certificate of insurance is a document issued by an insurer summarizing the existence, types, and limits of a policyholder's coverage. General contractors routinely require certificates from subcontractors before allowing them on the job.
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