Cash Flow Legal Liability Risk 
Levelset
SEPTEMBER 7, 2022
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.
Construction Law
MAY 2, 2024
News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.
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Construction Marketing
SEPTEMBER 24, 2015
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.
Lets Build
DECEMBER 2, 2022
From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. A game of risk. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project.
Levelset
SEPTEMBER 2, 2022
While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.
cnstrctr
JULY 1, 2019
The second reason is for cash flow. These reports should summarize the overall budget, potential change orders, cash flow, risks and more. This will typically cover your from both a liability and due diligence standpoint. Risk – this is one of our favourite parts.
Levelset
OCTOBER 14, 2022
In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage. Even small disputes in the construction industry can have a negative impact on time and cash flow. Third-Party Insurance: What’s the Difference?
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