Risk Transfer

For the general contractor or owner of a project, implementing effective contractual risk transfer strategies is essential to a successful risk management program. Understanding proper techniques for assessing safety and contractual risk transfer methods ensures risks are appropriately transferred to subcontractors working on the construction site. VTC Insurance Group has deep experience working with contractors of all sizes for almost 70 years, and our insurance agents have a keen understanding of contract insurance provisions and how to properly use the insurance contract to manage risk. Below are select downloads from our Subcontractor Prequalification Manual. Please contact your VTC insurance agent for more information and to request the complete manual. Review Financial Qualifications

Use this form for obtaining contractor’s financial information.

Evaluate Safety Performance of Subcontractor

Use safety criteria to evaluate the quality of subcontractors for consideration on a job site. Learn about incident rates and how to calculate them for safety management Understand the significance of the experience modification rating and how to compare ratings between subcontractors See OSHA reporting requirements Contact your VTC insurance agent to learn more about experience modifications and incident rates.

Contractual Risk Transfer Best Practices

Gain a better understanding of best practices to properly transfer risk through contracts, including “hold harmless” agreements.

Gain Indemnification from Subcontractors

Indemnification in the state of Michigan.