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Is an individual who assigns his individual contractors license to a corporation required to maintain insurance in both the individual and corporations name?

April 26, 2017Assigns contractor corporation individual Insurance license maintain

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Is an individual who assigns his individual contractors license to a corporation required to maintain insurance in both the individual and corporations name?

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No. An individual who assigns his license to a corporation will meet the liability insurance requirements by demonstrating that the corporation has maintained the requisite amount of liability insurance.