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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

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Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

5 Understand Your Products, Material, and Labor Costs/Pricing Factors that impact local market costs: Availability and demand for a product. Normal hour work productivity and cost can vary from non-normal work hours. #6 Each construction task should be unique and identifed by using a standard data architecture (i.e.

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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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Empowering the workforce through digital transformation

Autodesk Construction Cloud

It facilitates productivity by reducing the time wasted searching for information among countless emails or physical documents. Showcasing this ability to insurance providers can help reduce insurance premiums and allow builders to divert funds to other more pressing issues such as worker compensation.

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Attn Contractors: Workers' Comp Costs Likely to Increase Beginning January 1, 2013

Best Practices Construction Law

Over my legal career, I have handled a significant amount of workers' compensation disputes, representing injured employees, defending employers and insurance carriers, and even a few years working for an appellate judge that addressed workers' compensation appeals. The National Council on Compensation Insurance, Inc.