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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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What is Project Loss Insurance?

Levelset

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

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COVID-19 Liability for Building Owners

Green Building Law Update

And these questions are not unfounded because as of November 1, 2020, legal industry databases of state and federal litigation are tracking more than 6,100 cases involving Covid-19 claims. courts have never addressed a pandemic like SARS-CoV-2 (the current designation for what had been the Novel Coronavirus 2019).

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7 Deadly Sins: Construction Defects to Avoid, Part I

Pro Builder

Construction defect claims typically hit the books eight or nine years after completion but can appear even earlier on poorly managed projects. Sin 1: Improperly designed and constructed roofs. Value-engineering design outcomes—intended to reduce costs—that can affect roofing assemblies, resulting in water intrusion. . . .

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Report reveals industry unprepared for growing pressures

Construction Law

Some 86% of respondents described themselves as ‘consultants’, held to include the design team, surveyors and specialist consultants. Claims for extensions of time was the most common cause of disputes, reported by 50% of respondents. What do the results of the survey tell us then?

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Activities and liabilities of Quantity Surveyor and Quality Manager

Construction Cost Estimating

Quality Manager: The purpose of the quality managers is to make sure that the product or service that an organization renders is suitable for purpose, reliable and satisfies both external and internal requirements.