Remove Accidents Remove Certification Remove Legal Remove Liability
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What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

Crane certifications are crucial for construction site operations due to their critical role and potential risks. Certifications protect construction companies and employers when they hire certified crane operators. According to Canopylift , obtaining a certification is vital in promoting the implementation of best practices.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy. Why a certificate of insurance matters. If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Related: 9 Common Insurance Policies in Construction.

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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

Businesses have to analyze and assess multiple suppliers to find the most compatible ones, and they often require their vendors to have certain licenses, qualifications, and certifications. Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. If your business is found to have caused an injury or accident, the other party will seek damages.

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Additional Insured Endorsements & How They Work in Construction

Levelset

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. Additional insured, policyholder, certificate holder: What’s the difference? AI endorsements are often required as part of the construction contract.

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10 Best Insurance Companies for Construction Businesses

Levelset

They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They provide general liability, property, subcontractor, and cyber protection. Next does not offer specialty coverage, like builders’ risk or pollution liability. Find an agent. Nationwide.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Whether you are at fault or not in an accident, attorneys’ fees can take a big chunk out of your revenue. Liability for damage. What is plumber’s insurance? A GL policy offers a wide range of protection.