New Subcontractor Frequently Asked Questions
What are the Insurance requirements to become a contractor?
Liability coverage is required. All 1099 contractors are required to carry a $1 Million General Liability and $1 Million Errors and Omissions Insurance from Brunswick Companies, York-Jersey or Leonard Insurance. All 3 of these carriers offer coverage specifically designed to cover preservation activities. Lapock Property Solutions, LLC has to be added as an additional insured on the policy.
If this is your first time getting this coverage, the coverage amount may sound high but this is a standard amount for individual and small business and the premiums are affordable from insurance companies. Please see our FAQ sheet on insurance requirements for further info on coverage types, rates and contact information.
Brunswick Insurance (Request Quote), 800.686.8080
York-Jersey (Request Quote), 800.392.6958
Leonard Insurance (Request Quote), 330.266.1914
CLICK HERE for PDF Download of FAQ Sheet.
If you have W2 employees working for you, Lapock will also need to be named as a certificate holder on your Worker’s Compensation policy.
*If you can’t find the answer to your question here, please email us at info@lapockpropertysolutions.com or call (866)372-6982.
**Have an FAQ suggestion? Email us at info@lapockpropertysolutions.com and we will look into adding it to this page.