article thumbnail

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. Limited liability company (LLC) . 10) Business bank account and credit card. 10) Business bank account and credit card. 13) Business insurance.

Insurance 296
article thumbnail

Common Construction Contractor Bookkeeping Issues With Accounts Payable

Contractor Bookkeeping

The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due. Accounts Payable keeps track of the bills owed to a supplier or subcontractor. Again, the banker wants to know how long it takes to pay your bills.

professionals

Sign Up for our Newsletter

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

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

Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. What is completed operations insurance? not in progress).

article thumbnail

Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.

Green 293
article thumbnail

Construction Law: Jan/Feb 2024

Construction Law

Guest editor Delay without reasonable excuse and criminal liability Guest Editors Chris Bryden and Bartholomew Scholefield of 4 King’s Bench Walk warn that post Grenfell Improvement Notices to replace cladding should not be ignored, otherwise financial and criminal consequences may follow.

article thumbnail

4 Tips for Hiring a Reputable Plumbing Contractor

Construction Marketing

The benefit of banking on such referrals is that their skills and experience have already passed the test of time. Consider Insurance and License. Besides that, if they are insured, you can be sure they will not become a liability in case they suffer an injury in the process of doing their job. Price and Warranty.