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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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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 an Insurance Endorsement? A Contractor’s Guide

Levelset

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

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FAQs About Contractor Management Platforms

Safety Services Company

It ensures contractors are staying up-to-date on the latest compliance information. Question: I Needed to Report Injuries on My OSHA Logs. Answer: Keep in mind that injuries and incidents will affect your safety status. To receive it, talk to your workers comp insurance carrier.

FAQ 74
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3 Factors to Consider When Starting the Prequalification Process

Safety Services Company

The contractor prequalification process gathers information and conducts audits to ensure a contractor is reliable and capable. Documentation and Records Required Each prequalification service has different requirements. These can relate to your insurance, financial stability, safety records, etc.

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The Danger of Over-Reporting on your OSHA 300 Forms

Safety Services Company

Per OSHA’s regulation 29 CFR 1904, employers with more than 10 employees are required to keep a record of serious work-related injuries and illnesses. The information is recorded, in detail, on the OSHA 300 forms. OSHA tracks this information with the goal of preventing accidents in the future. Recordable or Not? What is TRIR?

OSHA 62
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7 Ways Construction Companies Can Keep Their Workers Safe

Construction Marketing

Statistics show that there are over 400 injuries and over 20 fatalities each year related to construction in Ontario alone. A majority of construction-related injuries occur due to a lack of proper personal protective equipment (PPE), such as helmets and gloves. Providing adequate safety gear. For instance, the U.S.