Remove Accounting Remove Agreement Remove Construction Remove Insurance
article thumbnail

What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement?

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Ways Construction Companies Can Keep Their Workers Safe

Construction Marketing

Despite being one of the leading employment sectors in many countries, the construction industry is one of the most dangerous sectors. Statistics show that there are over 400 injuries and over 20 fatalities each year related to construction in Ontario alone. Have a safety standards terms of the agreement (TOA).

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

article thumbnail

New Legal Guide and Resource For Your Construction Business

Construction Marketing

Bylaws and operating agreements. Business contracts and agreements. Financial matters (bank accounts, taxation, insurance, collections). Business licenses or permits. Marketing, advertising, and social media. Protecting data and intellectual property. Corporate record-keeping and compliance.

Legal 120
article thumbnail

#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Vector Construction Co. , Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. 3d 1, 12 (Tex.

article thumbnail

Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs.