(a) Throughout the period of licensure, the contractor shall have in effect public liability and property damage insurance covering the work of that contractor that shall be subject to this chapter in not less than the following amount: one million dollars ($1,000,000) combined single limit, bodily injury, and property damage.
(b) In addition, all contractors shall be in compliance with workers' compensation insurance as required under chapter 29 of title 28. Failure to maintain insurance shall not preclude claims from being filed against a contractor.
(c) The contractor shall provide satisfactory evidence to the board at the time of license and renewal that the insurance required by subsections (a) and (b) of this section has been procured and is in effect. Failure to maintain insurance shall invalidate registration and may result in a fine to the licensee.
History of Section.
P.L. 2014, ch. 194, § 1; P.L. 2014, ch. 212, § 1.