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Ordinarily, the contractor carries a workers’ compensation policy if they have employees. You can ask to see the certificate because the lender will as well. In many cases, however, the contractor doesn’t have their own employees and hires their labor and subs as independent contractors. If so, these independent contractors fall under your liability policy in case of an accident. Lenders usually allow for this situation by having you and the contractor sign a waiver so the lender isn’t held liable for any workers’ compensation violations.