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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. The below documents are necessary for the purchase of property: 1. Commencement Certificate. No Objection Certificate. Land Use Certificate.

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3 Factors to Consider When Starting the Prequalification Process

Safety Services Company

Hiring clients need assurance about contractors’ certification, practices, and qualifications. Documentation and Records Required Each prequalification service has different requirements. These can relate to your insurance, financial stability, safety records, etc. What is the Contractor Prequalification Process?

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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

Businesses have to analyze and assess multiple suppliers to find the most compatible ones, and they often require their vendors to have certain licenses, qualifications, and certifications. Unlicensed contractors do not have the necessary documentation to prove their skills.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. You’ll need to provide documentation before work starts, apply for progress payments during the project, and apply for your final payment as part of project closeout.

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Over 275 Partners Now Integrate with Autodesk Construction Applications 

Autodesk Construction Cloud

Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll. Herolapse is used by construction firms to monitor, record, and document progress and safety on the construction site.

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