article thumbnail

How to Get Large Group Health Insurance Plans for Contractor Business Employees

Construction Marketing

If you, as an employer, have 1099 employees on your staff from time to time, you may be wondering whether you are required to provide health insurance to them. This also means that employers don’t have to withhold income taxes, pay unemployment taxes, or withhold and pay Medicare and Social Security taxes. What is a 1099 Employee?

Insurance 156
article thumbnail

Carpenter’s Insurance: Who Needs It & Why

Levelset

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

First-Party vs. Third-Party Insurance: What’s the Difference?

Levelset

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

article thumbnail

Construction Law: December 2023

Construction Law

Guest editor Getting to the CRUX of project disputes and overruns Guest Editors Charles Wilsoncroft and Helen Collie of risk mitigation and dispute resolution consultancy HKA explain the thinking behind their company’s research into the causes of project disputes and overruns.

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. ’” Security Fence Co. And the insurer will have no say in the matter. ” Chase v. . Association , 101 N.H.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

The construction loan approval process is usually very rigorous, since the loan isn’t secured and doesn’t involve collateral. Your lender may also need a prepaid homeowners insurance policy, including the builder’s risk coverage, to ensure you’re financially protected should anything go wrong during the construction process.

article thumbnail

How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Image source: MHA Consulting, Inc. These are the ones that can be considered as being acceptable, but strategies have to be written down, with time or monetary contingencies, such as a general contractor insurance policy , set aside to deal with the risks when they occur. Acceptance and Contingency Risk Response Strategies.

Risk 59