Bảo hiểm & Quyền cầm giữCâu 1497 / 1605
Which of the following is the BEST reason a general contractor requires subcontractors to name it as an additional insured and provide certificates of insurance?
a.To eliminate the general's need for workers' compensation
b.To satisfy the mechanics lien statute
c.To reduce the subcontractor's premium
d.To transfer liability risk from the sub's work onto the sub's insurer and confirm coverage is in place
Giải thích
Requiring additional insured status plus a certificate of insurance shifts liability arising from the sub's operations to the sub's insurer and documents that coverage exists. It is a core risk-management practice, unrelated to workers' comp obligations or lien statutes.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- On a bond, the party who is protected and can make a claim if the principal defaults is the:
- An owner or contractor who wants to remove a recorded mechanics lien from title while still disputing the claim may record a:
- The 20-day period for serving a Preliminary Notice generally begins to run from the date the claimant:
- If a contractor illegally fails to carry required workers' compensation insurance and an employee is injured, the employee may:
- What is a direct consequence for a licensed contractor whose required workers' compensation insurance lapses?
- A material supplier who furnishes materials to a subcontractor (not to the owner directly) preserves its mechanics lien rights by serving a preliminary notice on:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)