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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Workers’ compensation insurance should be in place to help defray the costs of employee medical treatments.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

A higher ratio indicates a stronger cash position. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . A high value indicates a strong cash position and ability to withstand cash flow constraints. . Current Ratio . Underbillings to WC .

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Construction Business Owner Blogs

Construction Business Owner

A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. General Management. Software & Technology. Accounting & Finance. Construction Law.

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Construction Business Owner Blogs

Construction Business Owner

Other reports that are typically offered include: EEO/Minority Compliance, Workers’ Compensation, Union Reporting, and the ability to create countless custom reports. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Industry News.

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From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real.

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From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . The possibility of running out of cash flow, mismanaging of funds, plummeting economy, increasing cost of materials, and other similar concerns are daunting and real. Financial Risks.

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New Contractor Business Start Up

Contractor Bookkeeping

You need to manage cash flow to have money for their wages, benefits you offer and any applicable state and federal withholding taxes related to their wages, such as Social Security, income tax withholding, workers Compensation and unemployment insurance. Payment Terms - Should need to add positive cash flow.