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What to Know About Bond Liability Before Selling Your Company

Construction Business Owner

What to Know About Bond Liability Before Selling Your Company ccapoccia Fri, 02/09/2024 - 15:37 Contractors selling their business may learn the hard way that not all liability can be easily transferred. Learn some steps that can help mitigate these risks.

Liability 194
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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 354
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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

The driving force keeps your business engine running smoothly, covering all your liabilities. Cash flow problems ensue, threatening the survival and growth of your construction business. Managing cash flow is a vital part of running a successful construction business. In the world of small businesses, positive cash flow is king.

Cash Flow 104
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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Learn more: What Insurance Do General Contractors Need?

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General Liability vs. Professional Liability: What’s the Difference?

Levelset

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

Insurance 156
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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors.

Risk 356