BONDS, INSURANCE, AND LIENS

Regarding home improvement contracts, when should a contractor disclose that they have general liability insurance?

During a workers’ compensation annual audit, the company will be required to provide:

Which bond guarantees that a contractor’s work will be free of material and workmanship defects for a specific time period?

How can a property owner release their property from a mechanics’ lien?

Paul, an employee, is working with his own tools and causes damage. Who is responsible for the damage?

Homeowners have ____ days from the date of completion to file a “Notice of Completion”.

If notice of completion or cessation has not been recorded, how many days does a subcontractor have to record their lien?

Which of the following is required in order to file a mechanics’ lien?

A mechanics’ lien must contain, among other things:

A stop notice must be served by:

A material supplier has not been paid for insulating materials furnished to a subcontractor. The supplier’s mechanics’ lien must be recorded with:

Which of the following is INCORRECT when obtaining workers’ compensation insurance?

Workers’ compensation insurance premiums:

How can a contractor keep track of his subcontractor’s proof of insurance coverage during a two-year project?

In-home improvement contracts, the contractor must disclose which of the following?

How will the client know that the contractor has lien rights?

A lien is filed against an owner’s property. The owner believes that the lien is invalid. The owner may release the property from the lien by recording:

The insurance provider should be selected on the______________.

What is the main purpose of insurance?

How many days does a subcontractor have to record a mechanics’ lien after a notice of cessation is recorded?

What does "Named Peril" insurance cover?

What is a Performance Bond?

Which of the following statements is not true regarding a contractor’s bond?

What does the “occurrence basis” cover in liability insurance?

What is the recommended practice if the customer cannot afford to pay for the job?

A contractor installs a new ceiling fan in an existing residence. Soon after, the ceiling fan falls and damages the hardwood floor beneath. Which of the following statements is correct in this situation?

Which of the following statements is not true regarding a stop notice?

A “builder’s risk insurance” policy covers:

You should pay your insurance premium ____________.

A plumbing contractor was performing soldering work when the house caught on fire. What type of insurance policy will cover damages?

The amount of a stop notice bond must be:

How many days does the contractor have to notify the registrar of their insurance carrier’s name and address after workers’ compensation has been issued?

An independent contractor will carry their own workers’ compensation insurance and the prime contractor will:

What is the average cost of payment, performance, or contract bond?

Which of the following lets subcontractors and suppliers establish a claim for payment when they are not paid for work completed?

Which of the following is not required to give a Preliminary Notice?

By the end of an employee’s first pay period, the employer must provide:

What is the main purpose of Retainage/Retention?

If a worker is injured on the job, and it is determined that the worker was under the influence of alcohol or drugs at the time of the accident, which of the following would be true?

Due to CSLB’s processing times, it is recommended for a contractor to renew the contractor’s license bond:

Which of the following is NOT filed at the County Recorder’s Office?

When a notice of completion has been filed, the prime contractor has ____ days to record a lien.

Which of the following will guarantee that a job will be completed properly and payment disbursed in a timely manner?

Which of the following can a prime contractor utilize if they are not being paid for a job that has been completed?

Where is the Mechanics’ Lien recorded?

Paul is a licensed contractor who is building an addition to a customer’s home. He subcontracts the plumbing work to ABC Plumbing Co. During the job, one of the ABC Plumbing employees is injured. If ABC Plumbing fails to cover its employees with a workers’ compensation insurance policy, and Paul did not check beforehand, which of the following would be true?

What information must be included in a stop notice?

What is a Payment Bond?

Which of the following parties cannot file a mechanics’ lien on a construction project?

Which of the following is true regarding a preliminary notice?

How much time does a subcontractor have to record a mechanics’ lien after a notice of completion has been recorded?

The type of bond that guarantees the completion of a project according to plans and specifications is called a:

What is a mechanics lien?

Which is usually the least expensive method of dispute resolution?

What is the purpose of a Mechanics’ Lien?

Which of the following insurance policies is considered an “extra policy” used for major claims?

Unless a notice of credit has been recorded, a contractor must file a lien foreclosure suit within _____ days after recording a mechanics’ lien.

What is the purpose of a lien?

A property or business policy covers:

A contractor must report a valid workers’ compensation policy to the Contractors State License Board within:

Of the following, who is NOT required to serve a preliminary notice prior to filing a lien?

Who is least affected by the Notice to Owner?

Upon completion of a construction project, the owner decides not to pay for the work. If the contractor does not have lien rights of any kind, what should they do?

If the homeowner pays the contractor for their work, which of the following can still place a lien on the homeowner’s property?

Why would the prime contractor ask his/her sub for certificates of insurance?

If a subcontractor is filing a stop notice on a project funded by a construction lender, they must also post:

To whom is the Preliminary Notice not sent?

How many days does the prime contractor have to record a mechanics’ lien after notice of completion is recorded?

What is the penalty for a contractor for not having workers’ compensation?