Certification Compensation Legal Liability 
Levelset
OCTOBER 13, 2022
A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy. Why a certificate of insurance matters. If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Related: 9 Common Insurance Policies in Construction.
Levelset
SEPTEMBER 14, 2022
“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Medical expenses, property damage, and legal defense costs can grow quickly.
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Levelset
AUGUST 31, 2022
They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They provide general liability, property, subcontractor, and cyber protection. Next does not offer specialty coverage, like builders’ risk or pollution liability. Find an agent.
Levelset
OCTOBER 14, 2022
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. Liability for damage. A GL policy offers a wide range of protection.
Levelset
SEPTEMBER 6, 2022
In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. Additional insured, policyholder, certificate holder: What’s the difference? AI endorsements are often required as part of the construction contract.
Revit OpEd
DECEMBER 22, 2017
Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.
Construction Marketing
FEBRUARY 11, 2021
Insurance, liability, and workers’ compensation . 9) Legality and Taxes. Limited liability company (LLC) . You can also hire a lawyer to help you out with other legal requirements such as service agreements. Moreover, if you plan to open up a store, you’ll also need a Certificate of Occupancy. .
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