Remove Document Remove Documentation Remove Legal Remove Liability
article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Legal Documents. Business Plan. A business plan is vital for a number of reasons.

article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. According to ASC 842-10-55-12, these leases “should be classified in accordance with the lease classification criteria applicable to all other leases on the basis of the legally enforceable terms and conditions of the lease.”

Leases 177
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. These requirements encompass comprehensive training, evaluation, and documentation of skills and knowledge. Proper certification and training are crucial for preventing these accidents.

article thumbnail

Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. Unlicensed contractors do not have the necessary documentation to prove their skills. Businesses strive to find safe, compliant, and high-performing contractors for a number of reasons: 1.

article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

article thumbnail

You Should Not Contract With Your Environmental Consultant

Green Building Law Update

The recommendation here is that in an environment of strict liability hazardous substance laws, from CERCLA and its state counterparts to local lead based paint codes, attorneys should be contracting with those undertaking hazardous substance investigations and the like. And it may be much more than that.

article thumbnail

Is Gravity Part of OSHA’s LOTO Regulation?

FDR Safety

In some cases OSHA is involved and in others, there is a civil suit alleging tort liability. Imagine being held to a legal liability for trying to foresee and manage every service or maintenance task where a falling part could injure a worker. As part of your documented training, remind them… GRAVITY WINS. What can we do?