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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Know the Contract and Budget. If your managers don’t know how much you allocated for materials, and how you arrived at that number, they can’t reasonably be expected to meet your budget. foundation. foundation software. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Close the Budget vs. Actual Gap. foundation. foundation software. Tags: budget vs. actual , construction management , field technology. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. If the office doesn’t submit invoices in a timely manner and waits to pay them all at once, a job will appear to be at or under budget.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Notice that the horizontal axis represents your operating cost budget, and the vertical axis your capital (i.e., cost of owning) budget. foundation. foundation software. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. government.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Moneyball is a film based on the true story of Oakland A’s general manager Billy Beane’s successful attempt to put together a baseball team on a tight budget. foundation. foundation software. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. It’s easy to figure that when you’ve spent 50% of your budget, you’re 50% complete with the job. Unfortunately, this isn’t always true, and you may not realize it until the end of the project when you’re drastically over budget. foundation. foundation software. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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