Which of the following must insurers be rated for contractor policies?

Insurers must be rated A, VIII or higher for contractor policies to ensure that they are financially stable and able to fulfill their obligations in the event of a claim. Ratings in the insurance industry, often provided by agencies like A.M. Best, assess the financial strength and stability of insurers. A rating of A signifies that the insurer is strong in terms of financial health and ability to pay claims, while VIII indicates a relatively high level of operational scale and experience.

Having insurers with these ratings is crucial for contractors, as it assures them that they are working with reliable companies that are capable of handling potential risks and claims that may arise during their project work. This requirement serves as a form of protection for contractors and their clients, ensuring that all parties involved can have confidence in the adequacy of insurance coverage.