article thumbnail

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

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Something as simple as a customer tripping over a hammer and hurting themselves could result in an accident claim – and without insurance, you could end up facing hefty fines and legal battles.

article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Whether you are at fault or not in an accident, attorneys’ fees can take a big chunk out of your revenue. Even small disputes in the construction industry can have a negative impact on time and cash flow.

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Fewer accidents also mean lower insurance premiums, which mean lower labor costs. The more accidents and safety violations you have on a job, the more the job is going to cost; and the last time I checked you can’t submit a change order just because your team got hurt on the job! ” Agreed! February 2009. January 2009.

article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real.

Risk 62
article thumbnail

From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Financial Risks.

Risk 62
article thumbnail

Essential Construction KPIs to Improve Profits and Productivity

Autodesk Construction Cloud

Number of accidents per supplier. The magazine points to “cash flow and receivables” as “backward-looking” or lagging financial indicators. magazine indicates, when employers in any business provide effective training, they’re treating staff “in a way that will make them want to stick around.”.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Must expand its labor force, make new capital investment, or prevent loss of employment. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone. The credit is 20% of the actual costs limited to the employer’s income tax liability. WORKFORCE DEVELOPMENT . The maximum grant is $1.5

Income 108