Richard Walsh and Phil Garcia tackle subcontractor issues, focusing on insurance and industry challenges. They highlight the importance of documentation, audits, and correct employee classification, delving into general liability and additional insured endorsements. The episode explores commercial insurance, trade variables, and the impact of business classification. Phil stresses life insurance for the aging trades workforce and the value of personal insurance. They discuss employee protection, business sustainability, and proper risk transfer. The need for due diligence in verifying subcontractor insurance, agreements, and work documentation is emphasized. Strategies for comparing insurance rates and reviewing systems are shared.

(0:00 ) Introduction to subcontractor issues and guest Phil Garcia
(1:10 ) Phil Garcia's insurance expertise and industry challenges
(4:39 ) Documentation, audits, and employee classification in insurance
(7:41 ) General liability and additional insured endorsements
(10:56 ) Commercial insurance options and trade variables
(14:44 ) Business classification and its impact on insurance
(19:02 ) Life insurance and the aging workforce in trades
(21:31 ) Selling personal insurance to tradespeople
(25:02 ) Employee protection and business sustainability through insurance
(27:17 ) Risk transfer and the benefits of proper insurance
(30:06 ) Due diligence in verifying subcontractor insurance
(32:42 ) Importance of subcontractor agreements and work documentation
(35:08 ) Strategies for shopping and comparing insurance rates
(41:16 ) Reviewing insurance and operational systems for success
(42:33 ) Closing remarks and Phil Garcia's contact information