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What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Or have you done extra work that wasn’t covered by a change order? In addition to monitoring your work in progress, study your estimating and profit histories. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

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Steps To Obtaining A Surety Bond

Contractor Bookkeeping

After you have obtained your bond, the surety will likely ask you to prepare quarterly schedules of work in progress. Burns Logan is a construction lawyer focused on helping contractors, design professionals, insurers, and sureties get projects done and resolve disputes. You may contact Burns at blogan@lgwmlaw.com. -.