Contractor and Inspector Insurance Requirements

Contractor and Inspector Insurance Requirements (1) Contractor Insurance Requirements (a) A contractor must maintain general liability insurance at all times during a registration period to satisfy proof of financial responsibility of: (i) Not less than $1,000,000 for each single occurrence of bodily injury or death; and (ii) Not less than $500,000 for each single occurrence of property damage; or (iii) A contractor may elect to purchase a general liability policy that provides a single-limit coverage of not less than $1,000,000. (b) Insurance must be obtained from an insurance provider authorized or eligible to write general liability insurance in Mississippi. (c) A contractor applicant or licensee must file with the department a completed certificate of insurance or other evidence satisfactory to the department when applying for an initial registration, renewing a registration, changing a business name or affiliation, and upon request of the department. (d) A contractor must furnish the name of the insurance carrier, the policy number, and the name, address, and telephone number of the insurance agent with whom the contractor is insured to any customer who requests it. (e) A contractor applicant or licensee must obtain a general liability insurance policy that contains a provision or an endorsement that gives the department 30 days prior written notice of cancellation. (2) Inspector Insurance Requirements (a) An inspector must maintain general liability insurance at all times during a registration period to satisfy proof of financial responsibility of: (i) Not less than $1,000,000 for each single occurrence of bodily injury or death; and (ii) Not less than $500,000 for each single occurrence of property damage; or, (iii) A contractor may elect to purchase a general liability policy that provides a single-limit coverage of not less than $1,000,000. (b) Insurance must be obtained from an insurance provider authorized or eligible to write general liability insurance in Mississippi. (c) An inspector applicant or licensee must file with the department a completed certificate of insurance or other evidence satisfactory to the department when applying for an initial registration, renewing a registration, changing a business name or affiliation, and upon request of the department. (d) An inspector must furnish the name of the insurance carrier, the policy number, and the name, address, and telephone number of the insurance agent with whom the contractor is insured to any customer who requests it. (e) An inspector applicant or licensee must obtain a general liability insurance policy that contains a provision or an endorsement that gives the department 30 days prior written notice of cancellation.