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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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From Zero to Hero: Construction Risk Management

Safety Services Company

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. Risk management plans often save companies from going under in the event of an emergency. This includes taking out insurance on the project.

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From Zero to Hero: Construction Risk Management

Safety Services Company

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. Risk management plans often save companies from going under in the event of an emergency. This includes taking out insurance on the project.

Risk 62
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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

CORPORATE BUSINESS TAX EXEMPTIONS: Available for: All insurance companies, Connecticut incorporated and non-Connecticut incorporated. Corporate income, insurance premium and sales and use taxes for certain banks, insurers and investment companies locating in the Hartford Financial Service Export Zone that conduct all business with non-U.S.

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