Key Takeaways
- Require GL ($1M/$2M), WC, and auto with Additional Insured.
- Bonds cost-effective for projects >$100K.
- Indemnification shifts liability for contractor-caused claims.
- State law governs—use local construction attorney.
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Test Your Knowledge
1.What type of insurance should an investor require the contractor to carry?
2.What does a performance bond guarantee?