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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes. However, standard commercial general liability insurance policies do not cover properties of third parties that were under your control or custody. How much does crane and rigging insurance cost?

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

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. Formula: Current Assets / Liabilities . Accounts Receivable Turnover .

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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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YOUR PERSONAL LIABILITY FOR WORKPLACE SAFETY

Safety Services Company

In many cases, OSHA (along with other federal entities which oversee the management of niche hazards, such as the Department of Transportation) is the primary body which ensures employers are held accountable for their workers’ lives. The OSH Act covers penalties which can occur a result of safety compliance violations.

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Construction in Winter: Safety Tips to Know

Safety Services Company

This will ensure your workers comply with safety standards and protect your company from legal liabilities or workplace accidents caused by winter-related hazards. You implement our contractor management services to set up your accounts and streamline the process.

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Difference Between Tort and Contract | What Is Tort |  What Is Contract | What Is Contract Law | What Is Tort Law

CivilJungle

A tort , in common law jurisdiction, could be a tort (other than a breach of contract) that causes an applicant to suffer loss or hurt, leading to legal liability for the one that commits the act. It will embrace intentional infliction of emotional distress, negligence, money losses, injuries, invasion of privacy, and so on.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. Tags accounting.