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

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Additional Insured Endorsements & How They Work in Construction

Levelset

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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Tax Reform Impact on Employers and Employees

Revit OpEd

On December 15, 2017, Congressional Leaders announced that the conferees appointed by both the House and the Senate reached an agreement to reconcile differences between the House’s version of the Tax Cuts and Jobs Act (the “House Bill”) with the Senate’s version of the Tax Cuts and Jobs Act and unveiled the text of a final bill (the “Tax Bill”).

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. You can also hire a lawyer to help you out with other legal requirements such as service agreements. 13) Business insurance. Roofing equipment and materials.

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Louisiana Contractors & State Licensing – Home Improvement

Construction Law Monitor

et seq ) need to have a “certificate” (not a full license) with the SLBC to perform any home improvement contracting services in excess of $7,500 but below $75,000. The requirements for granting this certification are more relaxed than the normal contractors license but there are grounds for denial and/or revocation.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. Insurance, fringe. The line item categories are: Taxes. Field Office Expense.

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