Bảo hiểm & Quyền cầm giữCâu 1506 / 1605
A subcontractor asks to be added as an 'additional insured' on the general contractor's CGL policy. From a risk-management standpoint, this request is:
a.Prohibited by California law
b.Required by the mechanics lien statute
c.Standard, because subs are always additional insureds on the GC's policy
d.Backwards — typically the GC (upstream party) is named as additional insured on the subcontractor's policy, not the reverse
Giải thích
Ordinarily the upstream party (owner and general contractor) is named additional insured on the downstream party's (subcontractor's) policy so the sub's insurer covers liability from the sub's work. A sub being added to the GC's policy is unusual and typically not how risk is allocated.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Commercial auto insurance for a contractor is primarily intended to cover:
- A claimant recorded a mechanics lien but took no further action for four months. What is the likely status of the lien?
- A subcontractor recorded a mechanics lien but never served a copy on the owner and did not attach a proof of service affidavit. The likely result is:
- Which best describes who must carry workers' compensation insurance?
- Compared to a mechanics lien, a key ADVANTAGE of a stop payment notice for a lower-tier claimant is that it:
- A certificate of insurance lists a policy that the insurer canceled the following week. If the certificate says coverage is effective for the full year, the certificate holder's coverage is:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)