Remove Accounting Remove Insurance Remove Liability Remove Management
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. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

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?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. 3d 1, 12 (Tex.

professionals

Sign Up for our Newsletter

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

article thumbnail

Delrin Joins *ISNetworld®

Safety Services Company

Delrin has recently joined the extensive network of hiring clients within *ISNetworld® , becoming one of nearly 700 entities utilizing the contractor management platform. Contact us today and learn how we can help you with your contractor management platforms.

Safety 48
article thumbnail

Construction Law: March 2024

Construction Law

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.

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Current Ratio .

Safety 94
article thumbnail

Xero Accounting Online Setup Errors Fixed Fast And Easy!

Contractor Bookkeeping

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.

article thumbnail

How to Effectively Maintain Your Third-Party Auditor Account

Safety Services Company

Health, Safety, & Environmental Program: Safety Manual, Safety Management System, HSE Manual, etc. Insurance Documents: General Liability, Automobile Liability, Limits, Workers’ Compensation, Experience Modification Rates, etc. So, how can a company most effectively maintain these accounts? 1. Monitor.