Notice to Contractors
Information for Contractors on insurance requirements and notification requirement upon loss of RME.
General liability insurance (and workers' compensation insurance, if applicable) is required to maintain the contractor license. Failure to maintain the required insurance will result in the automatic forfeiture of the business entity and responsible managing employee licenses. The licenses may be restored by submitting proof of continuous insurance coverage within 60 days; however, if there is any gap in insurance coverage, the licenses are considered forfeited and new applications and payment of new license fees will be required for re-licensure.
Contractors required by the Board to have surety bonds must also maintain continuous bond coverage or face automatic license forfeiture.
Loss of Responsible Managing Employee (RME)
A contracting entity who qualified for licensure by employing an RME must notify the Board within 60 days of the death, dissociation, or disability of the RME. Failure of the contracting entity to notify the Board within 60 days, and to submit an application for the new RME or place the entity license on inactive status within 90 days, will result in the automatic forfeiture of the entity's license.
RMEs are also required to notify the Board within 60 days of separating from an entity, and must apply to become a contracting entity, obtain employment with another contracting entity, or place the license on inactive status within 90 days of separation. Failure to do so will result in the automatic forfeiture of the RME's license.