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Updated about 6 years ago on . Most recent reply presented by

User Stats

107
Posts
36
Votes
Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
36
Votes |
107
Posts

Do I need insurance for this?

Jason Krawitz
  • Flipper/Rehabber
  • Mount Juliet, TN
Posted

If I am managing funds/project for a friend's profit sharing plan, using those funds to pay Contractors on a rehab project owned by the profit sharing plan, am I legally exposed should something happen on the job-site? 

My role will be to open a checking account in my name DBA Book Keeper, arrange the sub-contractors contracted to do work for the profit sharing plan, and pay them from my checking account.

Would I be recognized as a GC and exposed if someone is injured on the job-site? 

Thanks!

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