Contractor Information

Helping to Keep You Working
    You have to be on the job site to get paid. When you need a Certificate of Insurance to get started on a job, call our office. Certificates are our highest priority, and are usually issued in under one hour.
    Managing the safety of your work environment is a high priority, and is good for you and your workers. We offer programs to meet needs of individual subcontractors through large construction companies, including:
    • Electrical, HVAC, Plumbing, Roofing, Masonry contractors
    • General contractors
    • Artisan contractors
    • Landscape services
    • Bonds

Contractor Coverage's
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Contractor Frequently Asked Questions
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Contractor Coverages
    Contractors have unique risk exposures, and should review their programs to make sure they are appropriate as the business grows.
Supino Insurance Agency offers:
    · Apartment Buildings
    · Bars/Taverns
    · Builders Risk/Rehab
    · Business Owners Policies (accountants, lawyers, etc)
    · Carpenters
    · Commercial Automobile Liability
    · Commercial Property
    · Commercial Real Estate
    · Condominium Associations
    · Contractors
    · Contractor’s Tools & Equipment
    · Directors & Officers Liability
    · Electricians
    · Equipment Breakdown Coverage
    · Errors & Omissions
    · Fidelity/Surety Bonds
    · General Liability
    · Liquor Liability
    · Offices
    · Plumbers
    · Roofers
    · Retail Stores
    · Restaurants
    · Small Contractors
    · Special Event Coverage
    · Umbrella & Excess Liability
    · Workers Compensation

01. What is an Occurrence Policy?
02. What does Bodily Injury mean in General Liability coverage?
03. What does Advertising Injury mean in General Liability coverage?
04. What does Personal Injury mean in General Liability coverage?
05. What does Property Damage mean in General Liability coverage?
06. What is Fire Legal coverage?
07. What is Fire Legal Liability coverage?
08. What is the difference between Replacement Cost (RC) and Actual Cash Value (ACV)?
09. What does 80% co-insurance mean?
10. How does an audit work?
11. Why do I need Certificates of Insurance from Sub-Contractors?
12. What is General Liability?
13. What does Products/Completed Operations mean?
14. What is Business Interruption/Extra Expense coverage?
15. What is the difference between "Named Insured", "First Named Insured" and "Additional Insured?"
16. Does my General Liability Policy provide coverage if my company is sued for pollution?
17. What is a Third Party Claim?
18. Should I purchase special coverage for my computer equipment?
19. What is Co-Insurance?
20. What is Business Income Coverage (Time Element)?


Return to Questions
Q: What is an Occurrence Policy?
A: A covered claim must occur during the policy period but it does not matter when the claim is reported or made.


Return to Questions
Q: What does Bodily Injury mean in General Liability coverage?
A: Bodily injury means bodily injury, sickness or disease sustained by any person which occurs during the policy period, including death at any time resulting there from.


Return to Questions
Q: What does Advertising Injury mean in General Liability coverage?
A: Advertising injury means injury arising out of an offense committed during the policy period occurring in the course of the named insured's advertising activities if such injury arises out of libel, slander, defamation, violation of right of privacy, piracy, unfair competition or infringement of copyright title or slogan.


Return to Questions
Q: What does Personal Injury mean in General Liability coverage?
A: Personal Injury means false arrest, wrongful detention or false imprisonment, or malicious prosecution; the publication or utterance of a libel or slander or of any defamatory or disparaging material, or a publication or utterance in violation of an individual's right of privacy; wrongful entry or eviction, or other invasion of the right of private occupancy; which occurs during the period.


Return to Questions
Q: What does Property Damage mean in General Liability coverage?
A: Physical injury to or destruction of tangible property which occurs during the policy period, including the loss of use thereof at any time resulting there from, or loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by an occurrence during the policy period.


Return to Questions
Q: What is Fire Legal coverage?
A: Fire legal coverage provides coverage to for you if you rent a business space and are held responsible for fire damages to that rented space. It does not apply to all business risks.


Return to Questions
Q: What is Fire Legal Liability coverage?
A: Fire Legal Liability provides coverage against liability for fire damage to premises rented to the named insured or temporarily occupied by the named insured with the owner's permission. Most Commercial General Liability policies provide a separate limit of $50,000 to cover this exposure.


Return to Questions
Q: What is the difference between Replacement Cost (RC) and Actual Cash Value (ACV)?
A: Replacement Cost is the current cost to replace property. Actual Cash Value is the replacement cost less depreciation.


Return to Questions
Q: What does 80% co-insurance mean?
A: Insurance carriers require that an insured party pay 80% of the replacement cost in order to collect a partial loss in full. This is the way the insurance company encourages all insured’s to adequately insure their property in relation to other insured’s.


Return to Questions
Q: How does an audit work?
A: At the end of the policy term, the insurance company will review the policy and either charge or credit the policyholder based upon an audit of estimated figures. Examples of estimated auditable items include sales and payroll. Audits can be performed onsite by an auditor or via mail or telephone. A premium is charged for audit estimations.


Return to Questions
Q: Why do I need Certificates of Insurance from sub-contractors?
A: An audit may require you to show proof that sub-contractors had their own insurance coverage. The sub-contractors' certificates of insurance will prevent you from being charged for their exposure.


Return to Questions
Q: What is General Liability?
A: General Liability provides coverage for other individuals who are on your property and/or exposed to your operations.


Return to Questions
Q: What does Products/Completed Operations mean?
A: Products/Completed Operations refers to the liability coverage for damages caused by your operation or products after the point at which you no longer have control of them.


Return to Questions
Q: What is Business Interruption/Extra Expense coverage?
A: Business Interruption/Extra Expense coverage provides coverage for income loss and the expense of establishing a temporary site during repairs due to damages related to a fire or compensable loss.


Return to Questions
Q: What is the difference between "Named Insured", "First Named Insured" and "Additional Insured?"

A:	Named Insured are those listed by name in the relevant block of the policy's declaration page. Although the named insured is commonly one person, partnership, corporation or other entity with insurable interests, multiple named insured’s may be included.
	First Named Insured is the first "named insured" listed on the policy declarations (front page of the policy). This insured acts as the legal agent for all named insured’s in initiating cancellation, requesting policy changes or accepting any return premiums. The first named insured may also be responsible for payment of the premiums.
	Additional Insured is an entity to which a policy's coverage is extended. An additional insured must be added to the policy prior to a claim being paid. There must be a tied to relationship between the additional insured and named insured. Being an additional insured on another's policy does not eliminate the need for someone to have his/her own Commercial General Liability policy.

Return to Questions
Q: Does my General Liability Policy provide coverage if my company is sued for pollution?
A: This insurance does not apply to bodily injury, property damage, advertising injury or personal injury arising out of the actual, alleged or threatened discharge, dispersal, seepage, migration, release or escape of pollution.


Return to Questions
Q: What is a third party claim?
A: A third party claim is a claim brought against you by someone other than an insured.


Return to Questions
Q: Should I purchase special coverage for my computer equipment?
A: Electronic Data Processing (EDP) equipment can be covered as unscheduled business personal property in "commercial property" forms such as the building and personal property coverage. An EDP equipment floater can provide added benefits. Many EDP floaters cover special perils such as mechanical or electrical breakdown and typically cover property in transit.


Return to Questions
Q: What is co-insurance?
A: In property insurance, co-insurance is a clause under which the insured shares in losses to the extent that he/she is underinsured at the time of a loss. You may have heard of co-insurance relative to health insurance; this is a provision in which the insured and the insurance company will share covered losses in an agreed proportion.


Return to Questions
Q: What is Business Income Coverage (Time Element)?
A: Business Income Coverage provides coverage for loss of earnings and ongoing expenses when operations are curtailed or suspended due to property damage resulting from a covered cause of loss.