NBCIC Announces Approval to Write General Liability Policies in Tennessee and Arkansas

NBCIC is proud to announce their expansion into the states of Tennessee and Arkansas.  With this expansion, NBCIC is now approved in 5 states:  Mississippi, Oklahoma, Missouri, Tennessee and Arkansas.

NBCIC began writing business in January 1, 2005 and currently has over 240 members across the state.

For more information, contact Vicki Covatch at 601-942-6098.

Important Notice for Home Builders regarding new law on General Liability Insurance when working in the state of Mississippi (click on image to the left for a downloadable PDF file)

During the 2010 legislative session a new law was created with the support of the Home Builders Association of Mississippi regarding general liability insurance for home builders.

Any builder not following the law is subject to the fines and penalties of the Mississippi State Board of Contractors.

Effective July 1, 2010, ALL BUILDERS are required by law to notify the home buyer if they carry or do not carry general liability insurance when a contract is signed. The language is mandated by the Mississippi State Board of Contractors. The law stipulates that the language must be:

• In bold and conspicuous type with a font larger than the font appearing in the rest of the contract;

• Placed immediately before the space reserved in the contract for the signature of the purchaser.

FURTHER, A BUILDER MUST USE THE FOLLOWING LANGUAGE AS PRESCRIBED UNDER THE LAW:

If the builder carries general liability insurance:

Mississippi law requires that I inform you as to whether I carry general liability insurance insuring my work under this contract.

____________I DO carry general liability insurance. By your signature below, you signify your understanding and acknowledgment of this fact.


____________I do NOT carry general liability insurance. By your signature below, you signify your understanding and acknowledgement of this fact and that as a consequence, you are hiring an uninsured contractor. Without insurance, there is no insurance coverage for damage to your home caused by me, my agents or employees or for injuries sustained by others while I am working on your property or subsequent to completion of my work.

Once this becomes standard practice consumers will become aware of their exposure with uninsured contractors.



PLEASE NOTE:  At the request of HBAM, the Mississippi State Board of Contractors has approved the use of an addendum to comply with the new general liability disclosure law.  This addendum is designed to be used to comply with the law.  As with any legal document, we suggest that you seek the counsel of your own attorney before using this addendum.