Construction Business Owner

SEPTEMBER 20, 2021

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.

Risk 320

Risk Liability Insurance Compensation 320

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

Insurance 98

Insurance Liability Claims Injury 98

Levelset

SEPTEMBER 16, 2022

The life of a contractor is a hectic one with most of the time spent on a jobsite — and a lot of places in between. Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. .

Insurance 52

Insurance Equipment Contractors Risk 52

Levelset

AUGUST 31, 2022

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

Insurance 52

Insurance Liability Compensation Construction 52

HardHatChat

MARCH 13, 2013

Being a national commercial construction general contractor can be an immensely rewarding profession. There is always a sense of pride and accomplishment after completing a retail construction, restaurant construction and commercial construction project for a client. Commercial property preventative maintenance.

Commercial 207

Commercial Insurance Retail Chicago 207

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

JUNE 3, 2022

Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. It also helps contractors manage cash flow during a loss.

Insurance 52

Insurance Cash Flow Claims Contractors 52

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. Related: 9 Common Insurance Policies in Construction. Why a certificate of insurance matters.

Insurance 52

Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 20, 2022

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

Insurance 52

Insurance Contractors Liability Accidents 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Construction Marketing

OCTOBER 28, 2018

The key to a successful project is hiring the right contractor. Whether your construction is a simple house upgrade or a commercial remodeling, a wrong contractor can frustrate your efforts and waste a lot of time, money and energy. This is why it is critical to choose the right professional contractor for your project.

Contractors 160

Contractors Insurance Commercial Bidding 160

Levelset

OCTOBER 20, 2022

This type of damage may leave electrical contractors unable to foot the bill. Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance?

Insurance 52

Insurance Liability Electrical Accidents 52

Job Order Contracting

JANUARY 25, 2018

Site restrictions developer/contractor. Insurance and bond costs • Appraisals. The post Commercial Construction Costs – Canada appeared first on 4BT. . • Schedule • Procurement advantage of. Market conditions. Architectural and engineering fees • Permits and development charges. Legal fees • Soil and environmental tests.

Commercial 100

Commercial Construction Commissioning Permits 100

Wolgast Corporation

JANUARY 12, 2023

In this process, the client or business owner holds contracts with the prime contractors, but by teaming with the Architect and Construction Manager, the supervision, budget and schedule monitoring, quality and overall progress are conducted for the client by experts who do this every day.

Commercial 91

Commercial Construction Retail Michigan 91

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

Safety Services Company

MAY 21, 2024

This trend highlights the growing importance of streamlined contractor screening and getting prequalified for *ISNetworld® hiring clients’ job offerings. How to Maintain Contractor Compliance with Sable Offshore Corp. Contractors working with Sable Offshore must meet specific requirements.

Documentation 76

Documentation Insurance OSHA Safety 76

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Business Owner

NOVEMBER 10, 2015

In 2015, construction is projected to bounce back to a growth rate of 13 percent in commercial construction and 8 percent in residential construction, according to the FMI Second Quarter Report.

Insurance 120

Insurance Residential Commercial Contractors 120

Construction Business Owner

SEPTEMBER 27, 2013

Setting aside the complexity of modern construction, multiple tiers of contractors and suppliers are involved in a typical commercial or residential project and, despite their best efforts, they may interfere to damage the work of other trades or otherwise install defective work on a project.'

Insurance 138

Insurance Liability Residential Commercial 138

Green Industry Professionals

AUGUST 14, 2019

Commercial insurance is one of the largest expenses any snow removal business faces. Any way that you can find to save on this expense contributes to the long-term success of your business.Accredited Snow Contractors Association Executive Director.

Contractors 67

Contractors Insurance Commercial 67

Construction Dive

JUNE 25, 2019

It's important for contractors to know what their insurance policies cover and, in the case of commercial general liability, what they don't cover.

Liability 128

Liability DOT Insurance Commercial 128

Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. ” Read more.

Insurance 54

Insurance Contractors Liability Injury 54

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

Insurance 40

Insurance Liability Accidents Michigan 40

HardHatChat

OCTOBER 18, 2016

Behind-the-scenes team members – such as Englewood Construction’s CFO, Mary Davolt, who was recently honored as a CFO of the year by the Daily Herald – play a critical role in the success of a commercial construction firm. Recently our CFO, Mary Davolt, was honored as a CFO of the Year by suburban Chicago’s Daily Herald newspaper.

Commercial 120

Commercial Safety Construction Project Management 120

Construction Dive

MARCH 5, 2014

Court of Appeals has ruled that the commercial general liability (CGL) insurer of a named insured subcontractor had no duty to defend an additional insured general contractor in a project owner’s post-completion breach-of-contract suit for construction defects arising from the subcontractor’s work on a condominium project.

Insurance 51

Insurance Contract Liability Contractors 51

Construction Equipment

AUGUST 26, 2014

"The AGC Alternative," the first-of-its-kind, nationwide private insurance exchange to serve the commercial construction industry, began offering firms belonging to the Associated General Contractors of America (AGC) quotes Aug. 25, AGC officials announced.'

AGC 48

AGC Insurance America Commercial 48

Levelset

JULY 21, 2022

In order to perform construction work, many states require contractors to be “licensed and bonded.” 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. Learn more: The complete guide to contractor licensing state-by-state.

Contractors 52

Contractors Claims Oregon Residential 52

Wolgast Corporation

JULY 6, 2022

The top impacted storefronts are retail stores – 29%, commercial buildings – 20%, restaurants – 19%, and the remaining 32% includes “other” buildings. The emergency response report is also useful in your insurance claim for timing and dates. The main cause of these accidents are operator error, happening 20% of the time.

Insurance 118

Insurance Claims Safety Michigan 118

Construction Marketing

NOVEMBER 15, 2022

Though house prices have been steadily rising, the demand for residential and commercial property from both local and international investors continues to surge as well. You should also know which materials are ideal for building commercial properties that attract your target customers. Conduct Market Research.

Income 156

Income Commercial Feasibility Residential 156

Construction Dive

SEPTEMBER 24, 2013

2013), holding that the Care, Custody & Control, Performing Operations Exclusion, and Incorrectly Performed Work Exclusion eliminate commercial general liability (CGL) policy coverage for property damage to an insured contractor’s own work and stored building materials during its ongoing operations. 2d 402 (S.D.

Insurance 54

Insurance South Dakota Liability Commercial 54

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

Construction Dive

FEBRUARY 26, 2014

By Scott Turner A state supreme court has held that the self-insured retention (SIR) in a general contractor’s commercial general liability (CGL) policy was satisfied by the settlement contribution of another insurance company. The CGL insurer, General Fidelity Insurance Co.,

Insurance 48

Insurance Liability Commercial Contractors 48

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. What is completed operations insurance? not in progress).

Insurance 52

Insurance Liability Claims Contractors 52

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

Insurance 48

Insurance Liability Claims Electrical 48

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. What is an installation floater?

Insurance 52

Insurance Liability Risk Materials 52

Construction Dive

SEPTEMBER 18, 2013

By Scott Turner A state Supreme Court recently ruled that property damage to a policyholder’s own work cannot qualify as an “occurrence” under that insured contractor’s commercial general liability (CGL) policy.

Insurance 51

Insurance Liability Commercial Contractors 51