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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. . In that case, the owners could legally seek damages from your company. Equipment breakdown .

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Does GC Insurance Cover Subcontractors?

Levelset

At their core, insurance policies are agreements between two parties: the insurer and the policyholder. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability insurance.

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

Levelset

If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Aside from owners and GCs, a government entity may want to see proof of liability insurance. This party may want a COI to ensure they are protected from liability in the event of a product-related injury or accident.

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4 No-Brainer Workflows with Autodesk Construction Cloud Connect 

Autodesk Construction Cloud

Getting your legal ducks in a row is paramount in construction, which is why it is important to have robust contract management workflows. . Moreover, poor contract workflows make it difficult for legal teams to audit projects, which can introduce all sorts of risks and liabilities. . 3: Contract Management. DocuSign .

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

EQUIPMENT |. Equipment Management. Equipment and Services Directory. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management.

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

There are all sorts of equipment and materials needed to start a roofing and guttering business. Roofing equipment and materials. Insurance, liability, and workers’ compensation . 3) Equipment and materials. Roofing and guttering equipment and materials need to be acquired before you can start your business.

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Idle Equipment not entitled to Lien in Missouri

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Sabo & Zahn LLC is an Illinois Limited Liability Company. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >.

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