Navigating Contractor Insurance: Essential Tips for Subcontractors

Insurance Gone Wild

Is Your Contractor Insurance Actually Covering You… or Just Paperwork Pretending to Help? 🧐In this wild ride of an episode, Insurance Gone Wild hosts Dennis Settlemyer and Stephanie Lencioni break down the often-confusing jungle that is contractors' insurance. Whether you’re swinging a hammer, managing a crew, or just trying to keep your business from burning down financially — this one's for you.We’re talking real talk on everything from:✅ Subcontractor agreements that actually protect you✅ Why fudging sales numbers could cost you later (don't do it!)✅ The difference between a GC, a paper GC, and a sub (yes, it matters!)✅ What the heck “completed operations” coverage even means✅ Why endorsements like “primary & non-contributory” and “waiver of subrogation” aren’t just fancy legal speak — they’re your financial shield 🛡️This is your crash course in:🔨 Construction risk management📄 Contract smarts📊 Insurance audits🚫 Avoiding common compliance failsTimestamps0:00 – Contractor insurance 101: The good, the bad, and the uncovered5:24 – Projecting sales like a pro (and why your premium depends on it)11:34 – Completed vs. ongoing operations: What every subcontractor needs to know13:28 – Contracts: Read 'em or regret 'em17:34 – The alphabet soup of endorsements, decoded20:51 – Why your subcontractor’s insurance could make or break you23:30 – What to know about 1099 contractors and liability27:51 – Business owners: Make smarter insurance decisions (or pay for it later)Top Takeaways🧠 Classification matters: Sub, GC, or paper GC? Know what you are.📈 Sales estimates = audit survival. Be honest, be accurate, avoid surprises.📃 Endorsements aren't optional. They're your safety net.🤝 If you’re signing a contract without reviewing insurance terms — stop.🛑 Under-insured subcontractors can take your business down with them.Favorite Quote?“How do we protect your livelihood? It should be a little more in your favor.” 🙌🎧 Hit play, hit subscribe, and protect your hustle — because insurance doesn’t have to be boring (and with us, it won’t be).#ContractorInsurance #ConstructionBusiness #InsuranceGoneWild #SmallBusinessProtection #SubcontractorTips #InsurancePodcast #BusinessLiability #GeneralContractorLife #ConstructionTips #InsuranceExplainedEmail: [email protected]: https://www.facebook.com/InsuranceGoneWildGet a Quote!Panatela Group: https://panatelagroup.com/Call: 817-753-0093