Subcontract Audit Form

One of the most important risk management objectives for our member contractors is the reduction of overall losses through transfer of risk. This objective cannot be fully accomplished without proper use of subcontract documents and supporting subcontractor certificates of insurance.

The RMS account executive conducts an annual (sometimes semi-annual) subcontract document audit for each contractor for whom we write general liability insurance. Ideally, every single subcontract agreement will be properly executed, have a properly worded indemnity agreement in favor of the contractor, and have appropriate insurance requirements. In addition, the contractor should have a certificate of insurance on file for each subcontractor that shows that the subcontractor has the insurance policies and coverage modifications required in the subcontract document.

Click here to view an example of a form that ACIG would use to audit the subcontract documents and subcontractor certificates of an ACIG member contractor.