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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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Additional Insured Endorsements & How They Work in Construction

Levelset

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. What is plumber’s insurance? Each field of subcontracting work has its own area of focus in insurance matters.

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7 Ways Construction Companies Can Keep Their Workers Safe

Construction Marketing

As an employer, you should ensure that your construction site offers maximum safety and security standards to its workers. Additionally, this class of workers should be registered by appropriate certification agencies and have proof of work experience. Training your employees on safety measures and equipment. For instance, the U.S.

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What You Should Know Before Taking a Construction Loan

Construction Marketing

It can only be acquired with the proper education certification, expertise, and a contractor’s license. The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral. Owner-builder : This type of loan is a good option when the borrower is a contractor.

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6 Benefits of Contractor Management Services

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Sometimes, companies miss contract obligations or compliance requirements such as OSHA, insurance policies, etc., Here, contractor management services help you obtain proper certifications, helping you maintain compliance and giving you the ability to perform specific tasks and saving you from legal issues.