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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Workers’ Compensation Insurance. The construction industry is a dangerous one, and it’s not only because of the injuries that could happen on-site but also the subsequent financial implications resulting from medical expenses and compensation.

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Job Order Contracting Guide

Job Order Contracting

Labor rates are for direct labor, without overhead and profit, however include fringe benefits and allowances for Social Security and Medicare taxes, worker’s compensation, unemployment insurance and employee benefits. Payroll taxes and workman’s compensation are included in the labor rates. copyright of CSI.

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Empowering the workforce through digital transformation

Autodesk Construction Cloud

Digital tools such as project management software can ease the admin burden of additional safety requirements the workforce is facing. Showcasing this ability to insurance providers can help reduce insurance premiums and allow builders to divert funds to other more pressing issues such as worker compensation.

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What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Lowering your EMR is important, as you can greatly reduce the amount you pay for workers’ compensation coverage. Your company has filed one or more workers’ compensation claims. ISN®, ISNetworld®, RAVS®, T-RAVS and MSQ are trademarks or registered trademarks of ISN Software Corporation. Calculating EMR.

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Construction Business Owner Blogs

Construction Business Owner

SOFTWARE |. Software & Technology. A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. accounting software.

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Update: Judge Approves VW Emissions Settlement

Construction Equipment

This settlement comes about a year after Volkswagen admitted that it rigged 11 million vehicles worldwide with software to dodge emissions standards. can choose between a buyback or a free fix and compensation, if a repair becomes available. An estimated 475,000 Volkswagen owners in the U.S.

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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

Solution : Invest in innovative construction software to serve as a repository for important project documents and unified medium of communication from the top down. . Again, construction software and good communication can help mitigate risk factors. Solution : Offer more competitive compensation packages. Labor Shortages.

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