Questions answered by Dawn M. Becker-Durnin, CIRMS
Why should an association care if their contractors have insurance?
Contractors who work on-site and off-site pose risk as far as property damage to association property as well as bodily injury to members and guests. Having an insurance policy would provide funds and defense of the association if the contractor’s work or employee caused such damages.
What does contractual risk transfer mean? [Read more…] about Association’s Insurance in Regard to Contractors