Subcontractor Risk Management featuring Rusty Brett from HoundDog
from Conversations That Convert Hosted by Rick Storlie
Contractor Compliance: Avoiding $500K Claims with Rusty Brett from HoundDogRusty Brett (CEO, HoundDog) explains automated contractor compliance and subcontractor risk management. THE CRISIS: Missing 2-3 COIs during audit = $5K-$15K penalty bills Real case: Contractor trusted sub for years. Sub didn't renew insurance. Employee injured. $500K claim. Insurance paid but DROPPED contractor. No new coverage available. Business shut down."It's not paperwork—it's your ability to stay in business." HOUNDDOG SOLUTION: Automates certificate of insurance tracking - Requests COIs from subs AND agents - Verifies requirements - Auto-retrieves renewals - W-9 tracking - E-signature for agreements AUDIT TOOL: Input dates → Click download → All COIs in single folderSaves weeks for 400+ sub companies PRICING: $1/month per sub ($40 minimum) Builder Lead Converter listeners: Waived onboarding ($150-$1,000 value) INSURANCE DISCOUNTS: One customer: 12% discount for using HoundDogRusty working with carriers to formalize JOB TREAD POLL: Only 40% of contractors had subcontractor agreements 3 ESSENTIAL DOCUMENTS: 1. W-9 (tax) 2. COI (insurance) 3. Signed agreement (legal) "Get these 3 things—you're 95% of the way there." SCALE: Typical: 20-100 subs HoundDog serves: Up to 30,000 vendors Philosophy: Get operations set BEFORE scaling marketing Cost of tracking: $1/sub/monthCost of non-compliance: $500K claims, lost coverage, $10K+ audits hounddog.com [email protected] builderleadconverter.com/contact-us #contractorcompliance #subcontractorrisk #COItracking #hounddog #constructionbusiness
Embed this episode
No transcript yet.