Can contractors ask insurance companies for Overhead and Profit?

I work for a construction company in Minnesota that specializes in storm related claims. I have heard that if 3 or more services are required and a 1 general contractors performs these repairs, then the general contractor can go back to the insurance company and ask for overhead and profit. Is this true?

O&P is usually included in the Original estimate.

I would not go back after the fact to get it.

But in the future, if the adjuster’s estimate does not have O&P and you believe it should be included — call the adjuster up and ask them about it. Many companies will pay O&P to a General Contractor if the job includes 3 or more trades (none of which is roofing). Get it worked out at the beginning.

Fence Contractors, security fences, gates, Himco, Los Angeles CA

Tired of LOUSY service? Try Angie’s List.

Comments are closed