When you discover that a bid package or commercial client requires liability limits higher than your current insurance policies, who should you contact before assuming your business can meet the requirement?

If a commercial client's bid package requires higher liability limits than you currently carry, you must increase the coverage limits on your individual base policies to meet the requirement.

You are preparing to bid on a large commercial development. The general contractor has included a detailed insurance addendum in the bid package. Arrange the steps you must take to properly evaluate and manage these insurance requirements before submitting your bid.

Analyze the following scenarios regarding a commercial bid's liability insurance requirements. Match each electrical contractor's decision with the correct analysis of its financial or risk management consequence.

You are assessing the financial viability of a bid package that demands liability limits significantly higher than your current coverage. To critically evaluate whether the cost of this additional risk makes the project unviable, you must send the specific contract requirements to a licensed insurance ________, rather than dangerously assuming your existing umbrella policy will automatically fulfill the owner's demands.