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Additional Insured Endorsements & How They Work in Construction

Levelset

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. As a contractor, you can get protection from an additional insured endorsement on a subcontractor’s policy if the sub’s actions contribute to an injury or accident.

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Slow As A Turtle? Florida Court Finds “No Damages for Delay” Clause Has Limits

Best Practices Construction Law

It was not excessive traffic, an accident, or a stalled car. The contractor secured an engineer’s report that concluded the damage was cosmetic only and that the vibration did not exceed the acceptable threshhold. The contractor sought additional compensation for the two extra months of suspension.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The Participating Lender sets all the terms and conditions of the loan (including premium levels, maturity dates, fixed or variable interest rates, secured or unsecured, amortization schedule, etc.) The Securities Industry and Financial Markets Association tracks the weekly average municipal interest rate from 2000 to current.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. The company’s obligation to repay the loan is secured by a direct-pay Letter of Credit from a bank rated ‘A’ or better. Lenders negotiate their own fees and the USDA charges 2 percent of the guaranteed amount as a one-time fee.

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