Why Licenses & Insurance Must Be In Your Legal Company Name

Summary

All licenses and insurance certificates used for compliance must be in your legal company name. Any license or insurance certificate that does not list your legal company name cannot be used for compliance with any network or partner that uses Sublynk for credentialing.

Why does my legal company name matter?

When you enter into a contract with a managed repair network or other B2B relationship that requires credentialing verification, you are signing that contract as your legal business. The requirements of that contract apply to the organization you are binding into that agreement as.

So, if you were to use insurance that is in the name of another business you own, and not the business you entered into that contract under, then the insurance coverage would not apply in the event you had a claim on a job for that managed repair network or other B2B partner.

The same issue would apply if you operated under a license that was not issued to the legal business you entered into that agreement under.

Do I need a separate license or insurance for every business I own?

Definitely. Licenses such as General Contractor licenses granted by a state are only applicable to the legal entity they are issued to. They do not extend to other businesses you might own as an individual.

Similarly, insurance. policies can cover. more than one business, but those businesses must be listed separately on the certificate of insurance your broker or agent shares with Sublynk to enable that extension of coverage to be recognized

If you have any questions or need assistance with this topic, or any other topic, reach out to support at Sublynk using your chat bubble or by emailing support@sublynk.com