Other Services
Other Services
Contractor License Verification
A Contractor’s license gives a building contractor the ability to state that they are licensed. In many states, licensing requirements are similar, but state building laws vary. If one is already licensed in a single state, in order to claim licensing in another state, usually a person must undergo the same examinations and testing to receive a contractor’s license.
The Contractor’s license may be for general construction, or may be obtained for specialized fields, such as plumbing, painting or knowledge of heating and cooling systems like HVAC. Hiring a licensed Contractor tends to assure that one is getting someone with knowledge of state laws regarding building, and has a greater degree of experience.
Paladin can provide Contractor License Verification for each of your core trades or all of your trades.
Contractor OSHA Citation Discovery
The Division of Occupational Safety and Health Administration (“OSHA”) conducts inspections of workplaces in response to an accident or complaint, and as part of its routine enforcement activity.
Cal-OSHA inspectors log their inspection and enforcement activity in a U.S. Department of Labor Occupational Safety and Health Administration (“OSHA”) database called the Integrated Management Information System, or IMIS. IMIS contains information about inspections, and occupational health and safety enforcement activity conducted by both federal and state inspectors throughout the United States.
Paladin can research and provide OSHA Citation Review for each of your core trades or all of your trades.
Contractor Experience Modifier Verification
Workers’ Compensation is a class rated insurance program. Within a state, an insurance company applies the same rate all employers who fall into a given class. For example all landscapers are subject to the landscapers rate, all painters are subject to the painters rate, etc. The rate applied to each of these classes are an average dollar amount and they do not take into consideration the employers experience, safety programs etc. Because of this the experience modifier was created to distinguish one business in a given class from another when underwriting a policies premiums.
Each state subscribes to an independent statistical organization or bureau, to collect and analyze the data for the industry. Most states use the organization called National Council on Compensation Insurance (NCCI). Insurance companies report to NCCI annually the data they have collected from their insureds. These reports look classification codes, audited payrolls, and claims information.
The experience Modifier has a neutral starting point of 1.0. A trade that has experience a high frequency of claims or a singular large dollar claim might have an elevated modifier. For example a 1.20. This will increase their Workers’ Compensation premium
When a trade has a small claims history or no claims history the modifier can then be reduced. For example .90. This will discount their Workers’ Compensation premium.
This information can be extremely important in the bid selection process. If you have two bids that are identical and Trade A has a modifier of 1.20 and Trade B has a modifier of .95 the idea is you would select Trade B due to having a safer claims history.
Pre-Underwriting Review
This review process is requested by the insurance carrier to verify the general contractor’s pre-qualification prior to binding. It includes review of: subcontract agreement, safety manual, certificate of insurance collection process, subcontractor pre-qualification process, customer services procedures and basic document retention.