Managing Risk: Service Contracts

     Unitel Insurance Group

Did you know that when you hire a contractor to perform maintenance or service on your Telco equipment, or to perform work such as plant construction or tower service on your behalf, you could be unknowingly assuming the liability for the contractor's work, or for his workers compensation coverage, under your business insurance? It's true - if the contractor has no insurance, or has low coverage limits, your business may be held responsible for the contractor's negligent actions. There are two simple ways to manage this risk - by obtaining certificates of insurance, and by requiring written contracts which include provisions to limit your liability.

A certificate of insurance is a document provided by a contractor's insurance agent verifying the coverage’s and limits of insurance the contractor has in force for the stated policy period. It is critical that the contractor have workers' compensation insurance in force to cover job-related injuries that may occur to his employees, and liability insurance to cover damage from negligent or wrongful acts the contractor or his employees may commit. The certificate of insurance will confirm the amount of insurance and types of coverage in force, and the effective and expiration dates of the policies.

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