ContractCompliance® is a service provided by TCOR Insurance Management™, whereby TCOR’s professionals work directly with your subcontractors to ensure they meet the insurance standards set forth by your service contract. Additionally, our Risk Control Advisors review your contracts for accuracy and advise you of any inconsistencies that may affect your legal liability in the event of a loss. This unique program was developed by TCOR Insurance Management™ to ensure its clients would have the ability to work with subcontractors and/or subcontract out to a general contractor or operator and be confident that coverage in the event of a loss is comprehensive and that legal liability directed correctly.
What is Contractual Liability and how does it affect you?
Miscellaneous – ContractComplianceSigningContractual Liability, whether by the Operator, General Contractor, Subcontractor or any other person in a position to bear legal responsibility for losses on a job site is such that if the proper master service agreements and potential loss coverage’s are not in place, a business can find itself out of pocket and even out of business if a major loss occurs.