General contractors, they must have life insurance.

by atlantamonart » Thu Dec 20, 2007 03:20 am

Did you know all commercial contractors they need to have life ins.. This is a requierment by their bonding company. This is just incase if they die at the middle of the project.

Has anybody approch them to sell life ins. to them. I think if you have good term ins that you can sell them you are in a good position with them!

Has anybody has any experience with them?

May

Total Comments: 22

Posted: Mon Jan 21, 2008 07:17 pm Post Subject:

hummingbird, not all municipalities require a bond. If no one is requiring it of him then he can not obtain a bond, as they are three party guarantees, not insurance.

This means that if there is no bond to be filed then he can continue as has been without consequence.

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