HomeProduct OverviewContractors in GeneralProducts LiabilityMiscellaneous E&OResourcesEducational & InterestingApplications & FormsContact Us
 
 
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