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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. It’s important to understand what this insurance covers, and how to get the most out of it if you need to file a claim. What does business interruption insurance cover ?

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

A plumbing contractor’s insurance policy covers claims for property damage, but it may also help defend against lawsuits resulting from a work-related incident. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . How do I get plumbing insurance?

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10 Best Insurance Companies for Construction Businesses

Levelset

They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. Policies offered include general and professional liability, workers’ compensation, commercial auto, and tools and equipment. And they offer risk specialists to help your business minimize losses.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“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.”. Workers compensation insurance. This type of policy only applies if you have employees.

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Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of employee deduction and income exclusion for moving expenses: Under current law (Code Section 132(a)(6) and (g)), an employee can exclude qualified moving expense reimbursements from gross income. Certain of these expenses are not deductible unless, in aggregate, they exceed 2% of the employee’s adjusted gross income.

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Carpenter’s Insurance: Who Needs It & Why

Levelset

A large claim against your business could have a devastating financial effect that could threaten your livelihood. General liability insurance : General liability insurance protects contractors in situations where someone claims the contractor’s work led to bodily injury or property damage. Does a carpenter need insurance?

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: Net Income / Total Assets . Formula: Net Income / Total Revenue . EMR is a value calculated by insurance carriers and is an indication of Worker’s Compensation claims history. Return on Assets measures how effectively assets are being used to generate net profit. . Net Profit Margin .

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