Get Ccdc 41 Insurance Requirements

Automobile liability insurance in respect of vehicles that are required by law to be insured under a contract by a Motor Vehicle Liability Policy, shall have limits of not less than $10,000,000 inclusive per occurrence for bodily injury, death and damage to property, covering all vehicles owned or leased by the ...

What is the document? CCDC 4 – 2011 Unit Price Contract is a standard prime contract between Owner and prime Contractor to perform the required work for a pre-determined, fixed amount for each specified unit of work performed.

CCDC documents are regarded as industry standards. They are based on the principles of fairness and balance for all parties involved in a construction project. To download documents for use you will need to purchase a registration number from a CCDC document outlet. CCA does not sell or issue registration numbers.

To meet state requirements in California, general contractors with employees must provide workers' compensation insurance, which covers lost wages and medical bills for work injuries. Depending on your clients and the type of work you do, you may also need builder's risk insurance or surety bonds.

� Is this insurance required? No. But the Contractors State License Board strongly recommends that all contractors carry it. The Board cautions you to evaluate the risk to your family and property when you hire a contractor who is not insured.

What is CCDC? The Canadian Construction Documents Committee (CCDC) develops, produces, and reviews standard construction contracts, forms and guides. It is a national joint committee, formed in 1974, and includes representation from across the Canadian construction industry.

In general, an insurance contract must meet four conditions in order to be legally valid: it must be for a legal purpose; the parties must have a legal capacity to contract; there must be evidence of a meeting of minds between the insurer and the insured; and there must be a payment or consideration.