Question

Acme Construction is in charge of building a new subdivision in the city, and hires Jim's Masonry to lay the foundations. As part of the deal, Jim's Masonry is required to purchase Owners & Contractors Protective Liability to protect Acme Construction in the event Jim makes a mistake that results in a liability claim. Who retains ultimate control over the policy?

A. Jim's Masonry
B. The city
C. The insurance agent
D. Acme Construction

Answer 1

Acme Construction retains ultimate control over the policy.

Step-by-step explanation:

Acme Construction retains ultimate control over the Owners & Contractors Protective Liability policy.

When Acme Construction hired Jim's Masonry to lay the foundations for the new subdivision, they required Jim's Masonry to purchase the policy to protect them in case of any mistakes or liability claims.

This means that if Jim's Masonry makes a mistake that results in a liability claim, Acme Construction will have control over the policy to handle the claim and protect their interests.