Negligence on the part of the contractor will invalidate the insurance contract. O True O False Insurance does not eliminate the risks involved in construction contracting True O False A good safety record will lower the manual rate for a construction company. True O False Cost of insurance required should not be included in the contractor's bid price. O True False The prime contractor has a contingent liability of the actions of its subcontractors and sub-tier subcontractors True False Next Negligence on the part of the contractor will invalidate the insurance contract. O True O False Insurance does not eliminate the risks involved in construction contracting True O False A good safety record will lower the manual rate for a construction company. True O False Cost of insurance required should not be included in the contractor's bid price. O True False The prime contractor has a contingent liability of the actions of its subcontractors and sub-tier subcontractors True False Next