SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : VLVT (was CSMA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Bunnett who wrote (8298)7/23/1998 1:09:00 PM
From: K. Joseph   of 11708
 
The amount of insurance required of a subcontractor will vary from contractor to contractor. Generally, a contractor (CSMA in this case) would require their subcontractor to have insurance coverage and limits that at least match or exceed their own coverage. Therefore, in the case of a major claim, the claimant will not find deeper pockets on the contractor.

I imagine that in Utah, there is not a state mandated general liability minimum limit. Therefore, one could find subcontractors (drillers) with minimal coverage, and others with greater coverage, and even layers of excess coverage.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News