Remove Cash Flow Remove Compensation Remove Drafting Remove Legal
article thumbnail

Professional Liability Insurance Explained

Levelset

In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments. For example, a professional liability policy for plumbers may have different coverages and exceptions than a policy drafted for a mason, since the two trades perform different services.

article thumbnail

Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

While E&O is not usually a legal requirement, many construction professionals take out an E&O policy to protect themselves against potentially devastating financial losses resulting from negligence. A construction contract creates a legal responsibility for the contractor to fulfill certain obligations to another party.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Program regulations are currently being drafted to include the expanded definition for “Advanced Manufacturers.” Participating companies are compensated by being able to reduce their federal income tax liability with a tax credit between $1,200 and $9,000 per qualified employee, depending on the target group. legal services.

Income 108