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Carpenter’s Insurance: Who Needs It & Why

Levelset

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.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

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 policies can help your business cover the costs of both minor and major incidents.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

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. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The following is a list of items that are generally considered when a contractor is developing a JOC coefficient.

Contract 100
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The Danger of Over-Reporting on your OSHA 300 Forms

Safety Services Company

However, when in doubt, it is recommended that a company representative consult an expert or call their local OSHA office. Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. What is EMR? An EMR of 1.0

OSHA 62
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FAQs About Contractor Management Platforms

Safety Services Company

Contact OSHA – As an extra step, you can contact OSHA and speak with the officer who reviewed your logs. Answer: EMR (Experience Modification Rating) is the calculation by insurance firms resulting from the cost of workers’ compensation insurance based on the level of risk.

FAQ 79
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COVID-19 Liability for Building Owners

Green Building Law Update

It is widely accepted that while a property owner owes a duty to exercise ordinary care to keep the premises in a reasonably safe condition, it is not the insurer of the invitee’s safety. All of this begs the question if a business owner’s premises liability insurance covers such claims?

Liability 293