Remove Accounting Remove Industrial Remove Insurance Remove Liability
article thumbnail

#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.

article thumbnail

Delrin Joins *ISNetworld®

Safety Services Company

By utilizing *ISNetworld® , a leader of safety and compliance in the supply chain industry, Delrin has joined 70,000+ contractors in the network and opened themselves up to over 750+ hiring clients. Their resin is used in gears, safety restraint components, medical delivery devices, and even ski bindings!

Safety 48
professionals

Sign Up for our Newsletter

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

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For one thing, circumstances can change quickly in today’s uncertain construction industry. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets.

Safety 94
article thumbnail

How to Effectively Maintain Your Third-Party Auditor Account

Safety Services Company

In the oil and gas industry, to work with Owner Operators (also known as Owner Clients), such as Chevron ® , BP ® , Shell Oil Company ® , Pfizer ® and many others, you must be qualified by a third-party auditor. Insurance Documents: General Liability, Automobile Liability, Limits, Workers’ Compensation, Experience Modification Rates, etc.

article thumbnail

Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. INSURANCE |. Accounting & Finance. Industry News. Industry Statistics. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. Tags accounting. accounting software.

article thumbnail

Estimating- The New Normal

Chianelli Estimating

Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. Insurances; Workers compensation, General Liability, Risk. Accounting expanse. cost overruns.