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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. There are many different types of insurance in the United Kingdom.

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Is Gravity Part of OSHA’s LOTO Regulation?

FDR Safety

While accidents are an unfortunate reality in industry, some involved trained workers being in the line of fire. piece fell off the fixture because it wasn’t secured A rigger who pulled a stabilizing pin and an I beam slid off onto his foot A journeyman millwright who was under a 7500 lb. The 7500 lb. load came down on him.

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Is Gravity Part of OSHA’s LOTO Regulation?

FDR Safety

While accidents are an unfortunate reality in industry, some involved trained workers being in the line of fire. piece fell off the fixture because it wasn’t secured A rigger who pulled a stabilizing pin and an I beam slid off onto his foot A journeyman millwright who was under a 7500 lb. The 7500 lb. load came down on him.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. If your business is found to have caused an injury or accident, the other party will seek damages.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

Some parties — like owners and GCs — will want some assurances that any not-at-fault, job-related accidents or injuries will not cause them financial harm. Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may secure funding for equipment through a bank or other lender.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Not all accidents that happen on jobs are large-scale and catastrophic. You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

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. . Pollution liability with site cleanup. The opposite may also hold true.