USEFUL
INSURANCE ARTICLES, DOCUMENTS & NEWS
THIS
ARTICLE RECENTLY APPEARED IN THE “INSURANCE JOURNAL.” APART FROM
ITS TITLE THIS ARTICLE CONTAINS ONE OF THE MOST CONCISE & LUCID EXPLANATIONS OF THE RESPONSIBILITIES OF GENERAL CONTRACTORS
AND SPECIFIES THE PRECISE REASONS WHY FORMAL AGREEMENTS WITH THEIR SUBCONTRACTORS ARE A NECESSITY. THIS IS MUST READING.
The "Primary & NonContributory" Tool
THE AGC SUBCONTRACTOR AGREEMENT
IS ACCEPTED BY MOST, IF NOT ALL, UNDERWRITERS WHO WRITE CGL FOR GENERAL CONTRACTORS. IT CONTAINS THE ELEMENTS FOR RISK TRANSFER
MENTIONED IN THE ABOVE ARTICLE. THE SHORT FORM RED COPY [BELOW] SHOWS THE CRITICAL RISK TRANSFER ELEMENTS IN RED.
AGC Subcontractor Agreement - Short Form Black
AGC Subcontractor Agreement - Short Form Red
|