Construction Marketing

SEPTEMBER 25, 2018

Filing a roof replacement insurance claim may be your only chance of taking care of the necessary repairs and renovations, especially after a huge storm, water damage, or other calamities and catastrophes. This having been said, here are 5 tips for filing a roof replacement insurance claim. Contact the Insurance Policy.

Insurance 120

Insurance Claims Inspections Minnesota 120

Job Order Contracting

MARCH 1, 2022

General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Adjustment factors to account for small jobs. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9. Social security contributions.

Insurance 233

Insurance Compensation Overhead Security 233

Levelset

AUGUST 26, 2022

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? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

MARCH 21, 2022

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. Restoration contractors can spend a lot of time waiting for payment.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Levelset

APRIL 8, 2022

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.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

APRIL 8, 2022

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.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

Construction Law

DECEMBER 3, 2023

Our insurance expert John D Wright of JD Risk Associates looks at the process of making a claim under an insurance policy, which generate a lot of court attention. There are pitfalls for the unwary, he warns - and for the insurers as well. See the panel to the right.

Claims 40

Claims Insurance Accounting News 40

Construction Enquirer

JUNE 21, 2023

The cost of complying with the Building Safety Act has blown a hole in the latest accounts from Willmott Dixon. And the contractor vowed to go after “designers, fire engineers, supply chain and insurers” to reclaim a “substantial portion” of the £62m it has set aside for building safety and cladding retrofits.

Safety 82

Safety Insurance Accounting Regulation 82

Construction Business Owner

NOVEMBER 29, 2012

Rate increases began in early 2012 and, to some degree, were nominal and isolated to accounts suffering adverse loss history. Contractors have begun to feel the circumstances of the current market and the “pinch in their pockets” by the underwriting community.

Insurance 153

Insurance Accounting Construction Contractors 153

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

Insurance 40

Insurance Liability Accidents Michigan 40

Safety Services Company

OCTOBER 30, 2023

Working with contractor management services can streamline the process, help you set up your accounts, and free up your time so you can focus on what you do best. Factors to Consider When Starting the Prequalification Process Here are a few things you should consider before setting up your accounts and starting the prequalification process.

Insurance 104

Insurance Certification Contractors Safety 104

Pro Builder

FEBRUARY 23, 2023

Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3 percentage points to 0.55% for FHA-insured mortgages. FHA-insured mortgages, which accounted for 7.5% The program is set to begin on March 20, and will help an estimated 850,000 U.S.

Plans 52

Plans Insurance Income Debt 52

HardHatChat

MARCH 13, 2013

Some systems or commercial construction features need regular upgrades that have to be accounted for. The big take away from all of these services is that the right commercial facility maintenance can serve as the best insurance policy and save you thousands in facility maintenance costs. Scheduled commercial property maintenance.

Commercial 207

Commercial Insurance Retail Chicago 207

Construction Business Owner

JULY 10, 2017

Membership in CFMA is represented by all types of general contractors, specialty trades and construction managers, with a large number of professionals in the accounting, insurance, surety, software, legal and banking industries.

CFMA 136

CFMA Conference United States Banking 136

Contractor Bookkeeping

JUNE 11, 2013

There is some confusion about the differences between job costing accounting and regular accounting which leads some contractors to believe they can get what they need from any bookkeeper and the cheaper the better. Two Basic Types Of Accounting. #1 Tax Accountants are good people and have a place in the accounting world.

Accounting 48

Accounting Bankruptcy Profitability Contractors 48

Contractor Bookkeeping

DECEMBER 3, 2013

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

Accounting 48

Accounting Washington Leases Insurance 48

Pro Builder

JANUARY 18, 2021

Operational costs include property taxes, insurance, maintenance, and utilities. The largest component of operating costs are property taxes, accounting for just under $3,700, or 40% of the annual operating costs. Home insurance is the next most expensive item on the operating costs list. Read More. .

Insurance 105

Insurance Accounting Electrical Housing 105

Green Building Law Update

FEBRUARY 21, 2021

The National Insurance Crime Bureau, the public source for vehicle theft data reported to insurance companies, stopped tracking catalytic converter thefts in 2015. The precise number of thefts is not known.

Wichita 177

Wichita Insurance DC New York 177

Safety Services Company

FEBRUARY 4, 2014

Insurance Documents: General Liability, Automobile Liability, Limits, Workers’ Compensation, Experience Modification Rates, etc. Keeping your third-party auditor account maintained is crucial to remaining eligible to work with these important Owner Operator companies. So, how can a company most effectively maintain these accounts?

Accounting 48

Accounting Safety Documentation Statistics 48

Contractor Bookkeeping

JULY 30, 2014

Builder Accounting begins with a proper QuickBooks setup For Spec Home Builders. Understand to get good, usable information out of any accounting system that they need to be an active participant and code the paperwork. Accountants do not have a crystal ball and or a magic wand…It Is True – Garbage In = Garbage Out.

Accounting 49

Accounting Housing Construction Contractors 49

Construction Law

MARCH 1, 2024

Editor Nick Barrett says a Public Accounts Committee report on HS2 provides little cheer to anyone hoping that the UK could somehow successfully deliver infrastructure investment on the scale highlighted recently as essential by the National Infrastructure Commission. Speed might however introduce commercial and legal risks, they warn.

Insurance 40

Insurance Claims Safety Legal 40

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. In latest published accounts to September 2022, Rydon Group Holdings revealed a pre-tax profit of £6.1m The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.

Claims 131

Claims Profitability Maine Insurance 131

Contractor Bookkeeping

NOVEMBER 1, 2013

Is Xero Accounting Online Not Working For Your Construction Company? Xero Accounting Online is a great program for small contractors but it may not the power to do what you need it to do. Need Complex Construction Accounting Reports. Xero Accounting Online Works Best If You: Have Simple Jobs With One Invoice.

Accounting 48

Accounting Construction Contractors Project Management 48

Wolgast Corporation

JULY 6, 2022

The emergency response report is also useful in your insurance claim for timing and dates. Additionally, you will want to call your insurance company (after emergency units) to make a claim and so they can assess the damage.

Insurance 107

Insurance Claims Safety Michigan 107

Safety Services Company

FEBRUARY 21, 2024

*ISNetworld®, and other organizations such as Veriforce®, ComplyWorks®, and Avetta® , help hiring clients organize contractor management information including: OSHA Logs Modification Rate (EMR) Safety Manuals Proof of Training Liability Insurance And more! Do you work with Delrin or has your client requested you join the *ISN® platform?

Safety 48

Safety Organization Liability OSHA 48

Levelset

APRIL 15, 2022

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. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Contractor Bookkeeping

JANUARY 6, 2014

In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.

Accounting 50

Accounting Contractors Work in Progress Banking 50

BD+C

JANUARY 25, 2018

The other day, I read an article from Construction Dive reporting data from the National Insurance Crime Bureau stating, “…the construction industry loses up to $1 billion annually in heavy equipment theft … that does not even account for smaller tools stolen from job sites every day.” .

Insurance 73

Insurance Accounting Equipment Site 73

Contractor Bookkeeping

JUNE 11, 2012

Hello Future Client We Welcome You To Fast Easy Accounting. Thank You For Asking About Our Services - This is a quick overview about Business Consulting And Accounting / Fast Easy Accounting. Business Consulting And Accounting. How We Work: The Phone Call. It’s the starting point of the relationship.

Accounting 48

Accounting Consulting Office Remodeling 48

Pro Builder

MARCH 16, 2022

Though the number of active tradeswomen in the building industry is on the rise, female laborers still account for only 11% of total workers in construction overall, and women are also underrepresented in leadership positions, making up just 17% of management roles. It’s recognizing the potential in the individual.”.

Construction 98

Construction Seattle Consulting Chicago 98

Contractor Bookkeeping

AUGUST 1, 2012

Reviewing QuickBooks Profit And Loss Reports - From our construction accounting clients reminded me of something I learned in my own construction businesses a long time ago. Construction accounting financial reports can be like staring at a hill of beans if you don't know what you are looking at or why.

Profitability 54

Profitability Accounting Construction Overhead 54

Safety Services Company

AUGUST 21, 2020

Insurance companies use the number to assess the cost of injuries and future risks. When this happens, your insurer raises your insurance premium to mitigate risk. The class rate, for example, is higher for ironworkers, as this is a riskier job class than the class rate for a category, such as “accountant.”.

Insurance 62

Insurance Compensation Injury Claims 62

Autodesk Construction Cloud

SEPTEMBER 13, 2022

Finally, we are also collaborating with Shepherd , a tech-enabled insurance provider, to reward our customers who are using our tools to better manage risk. . Integrations between Payapps and Autodesk already feed data to and from those ERP systems, for real-time accounting and payment management.

Autodesk 105

Autodesk Risk Industrial Construction 105

Construction Business Owner

APRIL 5, 2012

ACCOUNTING |. INSURANCE |. Accounting & Finance. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Tags accounting. accounting software.

Risk 120

Risk Insurance Construction Software 120

Contractor Bookkeeping

JANUARY 4, 2013

The Contractors Accountant, Randal DeHart. I have been where you are now Having worked in the trades, owned and operated construction businesses and being trained in construction bookkeeping and accounting I understand what it takes to run a successful construction business. We know what to do!

Accounting 48

Accounting Contractors Project Management Remodeling 48

Construction Marketing

JANUARY 6, 2023

It is known for construction site staff to steal equipment while on the job, which is why keeping detailed logs of who has each item can help you to spot and protect yourself against potential theft, which you might need to make an insurance claim for down the line. Going Keyless.

Security 282

Security Site Mobility Construction 282