Remove Banking Remove Compensation Remove Insurance Remove Organization
article thumbnail

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.

article thumbnail

Bridging the gap: Why it is so hard to grow a business (and why it may not be necessary to grow it)

Construction Marketing Ideas

The conversation with the well-established (but certainly not large) residential renovator about the problems of workers compensation and employee misclassification took on an unexpected turn, when the contractor explained how he justifies ensuring that everyone on his job site is an “independent contractor.”

professionals

Sign Up for our Newsletter

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

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Get Organized - Pick a company name that says something about what you are doing. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. It is a must have to borrow money from a bank.

article thumbnail

When Being A Licensed Contractor Is Just Not Enough!

Contractor Bookkeeping

When you hire 1099 contractors you need to know that their state contractor’s license, bond and insurance are active. During audits states agencies are now looking to check about the bond and insurance. Did you send your liability insurance payment in late? Join a Trade Organization, Chamber of Commerce, setup a Facebook page.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Go To Your Bank - And they offer you a line of credit. Get Organized - Pick a company name that says something about what you are doing. Bank Accounts - Set up two bank accounts in your company name. Insurance - Is critical to your construction company. It is a must have to borrow money from a bank.

article thumbnail

Rhode Island Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Mortgage Insurance: Offered through the Rhode Island Industrial Recreational Building Authority (IRBA). Disaster Loans: SBA provides low-interest disaster loans to homeowners, renters, businesses of all sizes, and most private nonprofit organizations. Alien Insurance Companies: Rhode Island allows a non-U.S.

article thumbnail

New Hampshire Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Export-Import Bank; U.S. NH CDFA Tax Credits: The New Hampshire Community Development Finance Authority awards up to $5 million a year in New Hampshire Tax Credits to nonprofit organizations. In exchange for the contribution, a company can take 75% of the donation as a tax credit on its BET, BPT or insurance premium tax.