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New Legal Guide and Resource For Your Construction Business

Construction Marketing

Whether just starting out or operating for years, there are many legal obligations and issues that confront a small business owner. The Small Business Legal guide from Legal Services Link provides information on the top ten areas business owners need to address to ensure their businesses are legally protected.

Legal 120
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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations. Many insureds, both in the United States and around the world, have policies which contain domestic or interna­tional arbitration provisions. The latter provide for arbi­tration in Bermuda, London, or elsewhere.

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Subtle (and Not So Subtle) Effects of COVID-19 on the Construction Industry

Constructlaw

Video conferences eliminate travel time and permit people to participate who would normally not be able to meet in person, due to distance or other commitments. Health Insurance and Paid/Unpaid Medical or Family Leave: Local, state and federal responses to the pandemic have impacted the health care and leave benefits provided to workers.

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 9) Legality and Taxes. 12) Licenses and permits. Protect your business by securing permits and licenses. 13) Business insurance. 13) Business insurance.

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Top Five Surety Bond Misconceptions

Construction Law Monitor

There is a lot more involved in acquiring the appropriate permits, licensing and legal documents in order to be granted permission to start. Simply put, surety bonds are a three-party agreement, which consists of an obligee, principal and surety company. Surety bonds are another form of insurance.

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Contractor License Bonds: Everything You Need to Know

Levelset

Well, every state sets its own rules for contractor licensing, and contractors often must purchase a surety bond in order to legally practice their trade. A contractor bond is a three-party agreement. In order to perform construction work, many states require contractors to be “licensed and bonded.” What does that mean?