Get Vela Contractors Questionnaire

Filling out the Vela Contractors Questionnaire online is an essential step for contractors seeking insurance coverage. This guide provides a clear walkthrough of each section to ensure you provide complete and accurate information.

Follow the steps to successfully complete the questionnaire.

1. Click the ‘Get Form’ button to access the questionnaire and open it in your preferred editor.
2. In the section for 'Applicant,' provide your name and the number of years you have been in business under your current name.
3. Describe your operations thoroughly, and if you have any other active or inactive operations, indicate this and provide explanations as necessary.
4. Enter your contractor’s license number and specify the states in which you conduct business. If applicable, indicate any work in the five boroughs of New York.
5. List all other business names or licenses you have used in the past 10 years, including a description of your operations at that time.
6. If you own or operate any other business, provide the name and your percentage of ownership along with the operations.
7. Indicate the percentage of your current operations as a general contractor, subcontractor, or construction manager.
8. If you use subcontractors, specify the percentage of subcontracted work and annual cost.
9. State whether you collect certificates from all subcontractors and indicate what limits are required.
10. Provide estimates for the next 12 months, including payroll, subcontract costs, and gross receipts. Also, include your gross receipts for the past four years if applicable.
11. Indicate the percentage of construction work performed by you, ensuring the total equals 100%.
12. Complete the 'Type of Work' section, providing anticipated percentages for direct and subcontracted work in various categories.
13. Describe your four largest projects over the past five years, including values.
14. List current projects underway or planned for the next year, detailing their values.
15. Answer questions related to past home building experiences, additional insured endorsements needed, and whether your license has been used by another contractor.
16. Respond to inquiries about past claims or legal actions, current exposure operations, and any potential operations involving hazardous work.
17. Review and confirm all answers are accurate before proceeding to save changes, download, print, or share the completed form.

Complete your Vela Contractors Questionnaire online to ensure thorough documentation and streamline your insurance application process.