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Does GC Insurance Cover Subcontractors?

Levelset

Accidents happen, especially in construction. Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? What this means is that financial losses caused by accidents, mistakes, and other issues that are the fault of the general contractor will be covered under the policy.

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Unlimited liability for designers and contractors

Construction Lawyer

After the accident, the State of Minnesota passed an ordinance providing that the State may recover from its contractors any payments made by the State to bridge collapse victims to the extent that the contractor caused or contributed to the collapse. It is very possible that a firm will not have coverage for such claims. Categories.

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State by State Incentives Guide

Buisness Facilities Contributed Content

State Credits available against the Corporate Income Tax: Education Credit (AS 43.20.014): Taxpayers that contribute to vocational education programs or accredited Alaska universities or colleges for educational purposes or facilities may claim a tax credit for 50% of the first $100,000, 100% of the next $200,000, and 50% of further contributions.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year period. time permanent jobs paying above average wages.

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