Remove Cash Flow Remove Claims Remove Legal Remove Liability
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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. Your business plan should also identify potential risks that could result in cash flow problems.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

A plumbing contractor’s insurance policy covers claims for property damage, but it may also help defend against lawsuits resulting from a work-related incident. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage.

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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Check with your construction attorney and your liability insurance agent to make certain you are covered. Lessons You Will Learn The Easy Way.

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New Contractor Business Start Up

Contractor Bookkeeping

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Check with your construction attorney and your liability insurance agent to make certain you are covered.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

And that 10% loss doesn’t even factor in the costs associated with claims that can come from prolonged payment disputes. The first step is to track every part of the project to streamline reviewing legal terms and change orders, for example. Review legal requirements and ensure that all terms have been met.

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Construction Business Owner Blogs

Construction Business Owner

I often see claims in business articles that the best practice for analyzing something (whatever that may be) is to get more data. Public Exposure and Liability on Construction Sites. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. Wally Evans Blog. Recent Posts. Top 5 Trends in Construction Software.