Hey guys I want to talk to you about a subcontractor warranties real quick on your general liability policy so they all have them you can't avoid them uh and they come in three different variations so first of all what is it uh basically says that you have to uh maintain proof of coverage and a contract in place that holds you harmless um and and a couple other things they might have a little bit variation on what they require but basically that you have a contract in place and that they have coverage um if you don't a few different things could happen worst of which you don't have coverage you see a subcontractor warranty like that I just saw one which is why I'm on here talking to you guys you see a subcontractor warranty like that run cancel that policy do whatever you got to do to get out of it change because that's that's the worst thing you can have right you never want to be on a job or have a claim uh with that involves a subcontractor where your carrier turns around and says you're not going to have coverage because you didn't have this one piece of paper that shows uh that they had coverage so worst worst case scenario you don't want to do that the next uh level down is still unacceptable is a is a decreased limit so same kind of situation you get a sub where you didn't maintain the proper paperwork or have a contract in place and there's a claim now instead of the full million dollar limit you maybe only have a 50 000 limit or a hundred thousand dollar limit again not good obviously not as good as no coverage at all but...
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How to prepare SubContractor Warranty Form
About SubContractor Warranty Form
A Subcontractor Warranty Form is a legal document that outlines the warranty obligations of a subcontractor for their work or services provided to a contractor or client. It serves as protection for both parties involved in a construction project or any other contractual agreement. This form is typically needed in scenarios where a contractor or client hires a subcontractor to handle a specific portion of a project. The subcontractor is responsible for delivering their scope of work or services, and the warranty form ensures that they will rectify any defects, faults, or issues arising from their work within a specified period. It specifies the terms and conditions of the warranty, such as the duration, limitations, and any exclusions. The Subcontractor Warranty Form is important for contractors or clients as it provides assurance that any potential issues will be resolved at the subcontractor's expense. It protects the contractor or client by holding the subcontractor accountable for their workmanship or the quality of materials used. This form is crucial for establishing clear expectations and responsibilities, minimizing disputes, and ensuring the overall satisfaction and integrity of the project.
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