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	<title>Property Preservation Training &#187; property preservation insurance</title>
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	<link>http://www.propertypreservationtraining.us</link>
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		<title>Property Preservation Contractor Insurance Requirements</title>
		<link>http://www.propertypreservationtraining.us/property-preservation-contractor-vendor-contracts/property-preservation-contractor-insurance-requirements/</link>
		<comments>http://www.propertypreservationtraining.us/property-preservation-contractor-vendor-contracts/property-preservation-contractor-insurance-requirements/#comments</comments>
		<pubDate>Sun, 15 Nov 2009 12:53:24 +0000</pubDate>
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				<category><![CDATA[Contracts]]></category>
		<category><![CDATA[E&O]]></category>
		<category><![CDATA[property preservation insurance]]></category>

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		<description><![CDATA[Contractors are required to have Comprehensive General Liability, Errors and Omissions, Non-Owned &#38; Hired Auto Liability coverage as well as Workers Compensation coverage. In order for a contractor to begin and continue business with SAMPLE COMPANY, the following insurance coverage &#8230; <a href="http://www.propertypreservationtraining.us/property-preservation-contractor-vendor-contracts/property-preservation-contractor-insurance-requirements/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Contractors are required to have Comprehensive General Liability, Errors and Omissions, Non-Owned &amp; Hired Auto Liability coverage as well as Workers Compensation coverage. In order for a contractor to begin and continue business with SAMPLE COMPANY, the following insurance coverage is required:</p>
<p>Errors &amp; Omissions in the amount of $1 million per occurrence / $1 million aggregate covering:</p>
<p>Residential property inspections</p>
<p>Delinquent borrower interviews</p>
<p>Commercial property inspections</p>
<p>Insurance loss inspections</p>
<p>Eviction services</p>
<p>Property preservation inspections</p>
<p>Property preservation estimates</p>
<p>Property preservation services (including but not limited to REO services)</p>
<p>Property repair estimates</p>
<p>Property rehabilitation services</p>
<p>Commercial General Liability in the amount of $1 million per occurrence / $1 million aggregate including coverage for:<br />
Personal injury<br />
Advertising injury protection</p>
<p>Care/Custody/Control coverage in the amount of $50,000</p>
<p>You must contact your insurance agent and instruct them to add &#8220;SAMPLE COMPANY&#8221; as an additional insured under all your liability policies.</p>
<p>You must deliver to SAMPLE COMPANY insurance certificates with SAMPLE COMPANY listed as an additional insured.</p>
<p>The Certificate of Insurance must provide for a minimum of 30 days Notice of</p>
<p>cancellation, non-renewal or material change to the policy.</p>
<p>You must submit to SAMPLE COMPANY proof of your participation in your state&#8217;s Workers Compensation fund by sending a copy of your Workers Compensation certificate for each state you work in.</p>
<p>Proof of renewal of all insurance coverage is required on or before current policy expiration.</p>
<p>The insurance company issuing your policy must be rated at least A-VII or better by the A. M. Best Company.</p>
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