Remove Claims Remove Contract Remove Debt Remove Insurance
article thumbnail

#128:  Waivers of Subrogation

NH Construction Law

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

article thumbnail

#67:  Paying Your Subcontractor's Employees

NH Construction Law

An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed. The threat of that withholding may be enough to entice the sub to prioritize scarce dollars toward employee-related debts before feeding any other wolf at the door.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of certain miscellaneous itemized deductions subject to the 2% floor: Under current law, employees may claim itemized deductions for certain miscellaneous expenses. Thus, under the provision, employees may not claim the above-listed items as itemized deductions for taxable years 2018 through 2025. Work-related education.

article thumbnail

4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

In some cases, prior to speaking with the surety, it is helpful to prepare an itemized list that breaks the project’s contract value down by scope and/or subcontractor. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Reputation with past suppliers, project owners, & subcontractors.

Risk 52
article thumbnail

Legal Documents Required for Purchase of Property

CivilJungle

A deed represents the right of the owner to claim the property. Your lender also needs a copy of the sales contract and any corresponding counter offers and addenda and a copy of the title search and escrow instructions to underwrite your loan. Homeowners insurance documentation. Home purchase contracts. Deed of Land.

article thumbnail

Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

In addition to requiring health insurance coverage, the thresholds include a requirement to create $2.5 Debt issued from the Economic Development Pool may be paid from withholdings taxes, and other revenue, at the for-profit entity benefitted by the financing. Tax credits accrue and may be claimed beginning January 1, 2011.

article thumbnail

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.

Income 108