Financial and Insurance Restrictions
The applicant certifies that:
- gross receipts will never exceed $2,000,000 for any single residential project.
- gross receipts will never exceed $5,000,000 for any single commercial project.
- the insured has not filed for bankruptcy in the past three (3) years.
- the insured has not sustained a loss against their general liability policy in the past five (5) years.
- the insured has not been denied coverage or had coverage canceled by an insurance company.
- the insured has no current knowledge of any event that may result in a general liability claim.
Subcontractors Requirements
The applicant certifies that all subcontractors are required to:
- sign a written contract with the applicant stating the nature of the subcontracted work.
- hold a valid license in their respective trade.
- pull permits from local building departments as required by code.
- carry general liability insurance with limits, equal to or greater than, the applicants general liability limits.
- name the applicant as an additional insured on the subcontractors general liability policy.
Work Restrictions & Limitations
The applicant certifies that under no circumstances, during the course of their work, they never perform any work:
- in excess of three (3) stories or thirty-six (36) feet in height.
- in excess of six (6) feet in depth below grade.
- on retaining walls in excess of six (6) feet in height.
- on gradients or slopes in excess of fifteen (15) degrees.
- on airports, work involving runways, jetways, or baggage or security systems.
- on public streets, roads, highways or bridges.
- involving sound barrier construction adjacent to a freeway or other roadway.
- on railroads, subways, utility companies or municipalities.
- on traffic signals, traffic controls, or traffic lights.
- on dams, coffer dams, levees, dikes, canals, or reservoirs.
- involving painting of tanks or power line construction.
- on gas stations, petroleum plants, oil wells, oil/gas refineries, chemical facilities or chemical plants.
- on underground tank or other storage container installation.
- involving digging under public roadways or public property.
- involving underground horizontal boring or tunneling operations.
- involving erosion control or sink hole mitigation operations.
- involving foundation retrofitting or foundation repair and/or stabilization.
- involving pesticides and/or herbicides (requiring a license).
- involving mold, asbestos, and/or environmental remediation.
- involving fire, water and/or mold damage remediation work, unless endorsed to the policy.
- involving fire sprinklers or fire extinguishing systems.
- involving fire alarm systems, monitoring of security systems, or other alarm systems.
- involving installation on wood, coal, oil, and/or waste burning stoves.
- involving logging, other lumber operations, or collecting, processing or distribution of firewood.
- involving mobile home or modular home set up.
- involving roofing, solar panel installation, or other roofing related activities.
- on automobiles, recreational vehicles or watercraft.
- on medical machinery or medical equipment.
- on swimming pools including installation and/or service and repair.
- on elevators, escalators, or ski lifts.
- involving fiber optics.
Tract Home Restrictions
The applicant certifies that:
- the insured never performs work on any housing project or development that includes the construction of fifteen (15) or more single-family homes, whether attached or detached, in any or all phases of the project or development, regardless of the number of developers.
- the insured is not a developer, general contractor, sub-contractor, independent contractor, or any other party involved in the new construction of tract housing.