Construction Executive asked top executives at leading sureties and insurance companies specializing in construction for advice and insights on:
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“A prominent Roanoke construction company has been unable to complete two major projects and owes $1.2 million for defaulting on them, a lawsuit alleges.
Breakell Inc. is being sued in federal court for breaching its contract with Hanover Insurance Co., which issued construction bonds on the two public projects.
The lawsuit filed by Hanover involves a $2.5 million upgrade of a wastewater treatment plant in Pulaski County and a $3.9 million athletic field and facility renovation at a high school in Greene County.”
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“The Connecticut Department of Labor issued a stop-work order to a Storrs Center subcontractor on March 2 for failure to secure the payment of worker’s compensation for employees of the company, Monster Contracting LLC.”
Assurance Screening offers Insurance Certificate Collection and Verification services. We collect the certificate of insurance from your subcontractor/vendor, ensure they are compliant with your company’s minimum insurance requirements, and complete an producing agency verification of coverages. The coverage verification can be completed one time, quarterly, monthly, etc, which ever frequency fits for your company. Work with Assurance and Be Sure.
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“A renewed sense of vigilance to confirm the insurance required for the duration of a project actually does remains in place may be a favorable benefit of issues raised by the new ACORD forms.”
Assurance works with our clients to collect and verify the certificates of insurance of their subcontractors. Insurance can be verified at any desired interval- monthly, quarterly, annually, etc. Partner with Assurance and Be Sure.
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