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I'm curious how liability works in this situation and when it ends? It sounds like you were operating as a general contractor. Were you paying the roofers salar
by s1artibartfast 2y ago
I'm curious how liability works in this situation and when it ends? It sounds like you were operating as a general contractor. Were you paying the roofers salary or did you have a business to business relationship?
Relatedly, someone was telling me what workers insurance is 1% of construction costs for large infrastructure like building hospitals.
- crhulls 2y agoI’m technically an owner builder. I have a workman’s comp policy that ranges from 10-40% of payroll depending on the task. For a residential project I can definitively say insurance is way more than 1% of total cost. Eg for the sake of round numbers, let’s say labor is 50% of the total. If I take the absolute lowest percent of what I pay for insurance, we already are up to 5%. This is separate from liability insurance for say negligence if I got sued. I hope my umbrella policy would cover me here but I found in my situation it is a bit confusing. An insurance broker struggled to give me clear answers
- s1artibartfast 2y agoThat doesn't surprise me. I imagine that construction labor is a lower fraction of expenses for very large projects, as well as real risk, and overhead. In the conversation, they told me that their #bigco was able to save X hundred million a year by creating their own insurance company and requiring all of their contract builders to use it.
- dboreham 2y agoThe people with money become liable.
- s1artibartfast 2y agoThats not a very useful heuristic. There are numerous relationships that effectively shield liability, and many of these make perfect sense.