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The Ins and Outs of Contract Works Insurance

Construction Law

Our insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies. This story is only available to subscribers to the printed edition of Construction Law. Not all contingencies are covered, he warns, despite policies being described as “all risks”.

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How to Get Large Group Health Insurance Plans for Contractor Business Employees

Construction Marketing

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. Oftentimes, contracted employees are cheaper for a business, as they are not required to extend group health insurance coverage to them. What is a 1099 Employee?

Insurance 156
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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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Considering a Job Order Contract?

Job Order Contracting

Here are a few items for review when organizations are considering a job order contract or hoping to improve one. Contracts and individual Projects/Work Orders within JOC should have established dollar limits. The post Considering a Job Order Contract? Prequalify potential JOC contractors. Prequalify potential JOC contractors.

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Additional Insured Endorsements & How They Work in Construction

Levelset

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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Properly Identifying Additional Insured

Construction Business Owner

There are numerous ways that contract parties can shift the risk of certain types of losses between each other. One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage.

Insurance 195
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A No-fuss Record-keeping Guide For Your Construction Business

Contractor Bookkeeping

You must also ensure that your paperwork, documents, and contracts are in order. This is a mark of professionalism and can also help if you have an insurance or legal claim. It's essential to keep a paper trail of your work and practice due diligence.