Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. What is plumber’s insurance? Each field of subcontracting work has its own area of focus in insurance matters.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. In this article, we’ll explain additional insured endorsements, and how they work in construction. What is an additional insured?

Insurance 52

Insurance Liability Construction Contract 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. Related: 9 Common Insurance Policies in Construction. Why a certificate of insurance matters.

Insurance 52

Insurance Certification Contractors Liability 52

Construction Marketing

SEPTEMBER 25, 2018

It costs a lot to put up, mainly because it plays a significant role in your safety and security while giving you a solid defense against the effects of snow, wind, rain, heat, hail, and other elements. This having been said, here are 5 tips for filing a roof replacement insurance claim. Contact the Insurance Policy.

Insurance 120

Insurance Claims Inspections Minnesota 120

Construction Marketing

JULY 11, 2022

If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.

Contractors 156

Contractors Legal Bidding Contract 156

Levelset

SEPTEMBER 20, 2022

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

Insurance 52

Insurance Contractors Liability Accidents 52

Levelset

SEPTEMBER 19, 2022

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.

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

SEPTEMBER 30, 2022

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.

Insurance 52

Insurance Liability Accidents Injury 52

Levelset

MARCH 21, 2022

Restoration contractors can spend a lot of time waiting for payment. Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. Contractors need to ensure that owners know that they are financially responsible for mitigation and restoration costs.

Cash Flow 98

Cash Flow Insurance Lien Management 98

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

SEPTEMBER 13, 2022

Whether a third party gets hurt around the job site or the contractor causes property damage, someone needs to pay to make things right. In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. Contractor liability for property damage.

Insurance 52

Insurance Claims Liability Accidents 52

Levelset

OCTOBER 20, 2022

This type of damage may leave electrical contractors unable to foot the bill. 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 52

Insurance Liability Electrical Accidents 52

Safety Services Company

OCTOBER 6, 2023

Navigating the world of ever changing contractor regulations and qualifications can be difficult. As a contractor, you’re required to demonstrate your skills and prove your expertise through multiple means, like contractor compliance and job prequalification. What are Contractor Management Services?

Management 71

Management Contractors Legal Safety 71

Contractor Connection

NOVEMBER 13, 2023

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. Temporary housing’s core purpose is to provide swift and secure shelter, helping policyholders regain a sense of normalcy while mitigating the additional financial burden they may face.

Housing 40

Housing Insurance Security Bidding 40

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. 3d 1, 12 (Tex.

Insurance 40

Insurance Liability Accidents Michigan 40

NH Construction Law

AUGUST 31, 2023

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.

Insurance 40

Insurance Liability Claims AIA 40

Construction Business Owner

DECEMBER 19, 2013

Since the creation of Subcontractor Default Insurance (SDI) in 1995, contractors have developed many informed and uninformed perspectives about this insurance product and how it functions. Multiple insurance carriers now widely use and offer SDI as a risk management tool to secure subcontractor performance.'

Insurance 120

Insurance Security Risk Products 120

Construction Marketing

FEBRUARY 17, 2022

Upon approval, the money is sent to the contractor in intervals as the construction work progresses. If the appraisers approve, the lender makes more draw payments to the contractor. Owner-builder : This type of loan is a good option when the borrower is a contractor. Construction loan requirements.

Construction 274

Construction Budgeting Budget Drawings 274

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?

Insurance 52

Insurance Liability Risk Materials 52

Levelset

APRIL 1, 2022

As a contractor or sub, you can expect to incur many costs during the course of a construction project. Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Insurance claims.

Site 52

Site Cash Flow Insurance Construction 52

Construction Business Owner

APRIL 21, 2015

As use of technology continues to increase, contractors of every size and type have greater exposure to cyberattacks and data breaches. A report by Symantec on internet security found that 61 percent of small and midsize businesses experienced a cyberattack in 2013.

Risk 120

Risk Insurance Security Construction 120

Construction Law

MAY 2, 2024

Analysis Construction awaits clarity on energy investment Is the UK making credible progress towards securing our energy supplies or is it, as researchers suggest, actually going backwards in terms of achieving commitments made only two years ago? billion A9 Dualling programme.

Construction 52

Construction Legal Cash Flow Insurance 52

BD+C

JUNE 5, 2023

The assessment of wind damage is important for both property owners and insurers because it helps to identify the extent of damage, necessary repairs, potential safety hazards, and facilitates progress toward eventual remediation. For example, the TWIA has specific requirements for the design and installation of replacement roofs.

Structural Engineering 98

Structural Engineering Insurance Engineering Guidelines 98

Construction Marketing

FEBRUARY 22, 2021

The flashing is the metal that connects the roofing materials, secures ridges together, and prevents leaks. 3) Select The Right Contractor. One way to ensure your new roof’s proper installation is to hire a professional roofing contractor to handle the project. 4) Request For A Contract. 6) A Roofing Project Can Be Noisy.

Materials 156

Materials Documentation Contract Contractors 156

Wolgast Corporation

MAY 8, 2024

Following Phase I Preliminary Design, your estimator will coordinate a smaller pool of bidders to secure a quick, estimated, ball park price. Your project assistant works with the estimator to contact invited sub contractors prior to the bid to gauge the necessary level of bid coverage or re-evaluate the bid strategy.

Design 62

Design Bidding Project Management Construction 62

Safety Services Company

MARCH 11, 2024

Constellium Strengthens Contractor Management through * ISNetworld® Constellium , a leading global provider and transformer of aluminum products, has recently joined the *ISNetworld® network to enhance its contractor management program. **Safety Services Company is an independently-owned company.

Safety 48

Safety OSHA Documentation Contractors 48

Contractor Connection

MAY 31, 2018

When evacuating, secure your property and important documents and valuables. Call your insurance company right away and arrange accommodations. You should keep every receipt, no matter how small, including those you think may not be covered by insurance.

Insurance 76

Insurance South Carolina North Carolina Contractors 76

Fieldwire

JANUARY 25, 2022

Many contractors should be fairly aware of the typical risk management process : identifying risks. To successfully plan for risks going into a construction project, contractors should also learn to draw a line between the two different techniques of risk acceptance. prioritizing them. treating the risks. monitoring and reviewing them.

Risk 59

Risk Plans Insurance Construction 59

Constructonomics

OCTOBER 3, 2010

New contractors have a lot of matters to anticipate when entering the construction industry for the first time. Unfortunately, new contractors are often unfamiliar with the bonding process, which includes undergoing finance and credit checks, providing upfront collateral, and paying issuance fees. How construction bonds work.

Contractors 140

Contractors Regulation Insurance Claims 140

Pro Builder

OCTOBER 4, 2021

As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. There should be good physical security systems, and those should be tested. Risk of Cyberattacks.

Risk 97

Risk Defense Organization Insurance 97

Contractor Bookkeeping

AUGUST 27, 2014

QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.

Contractors 88

Contractors Accounting Work in Progress Profitability 88

Pro Builder

OCTOBER 4, 2021

As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect their companies. There should be good physical security systems, and those should be tested. Expert Advice for Reducing

Risk 98

Risk Defense Organization Insurance 98

Pro Builder

DECEMBER 7, 2020

Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance.

Risk 92

Risk Construction Security Bidding 92

Wolgast Corporation

JANUARY 12, 2023

In this process, the client or business owner holds contracts with the prime contractors, but by teaming with the Architect and Construction Manager, the supervision, budget and schedule monitoring, quality and overall progress are conducted for the client by experts who do this every day.

Commercial 91

Commercial Construction Retail Michigan 91

Job Order Contracting

JUNE 14, 2019

RESPONSIBILITY OF THE PRINCIPAL CONTRACTOR. The principal contractor (also referred to as the prime or general contractor) is responsible for the full compliance of all employers (the contractor, subcontractors and any lower-tier subcontractors) with the labor standards provisions applicable to the project.

Construction 100

Construction Employment Contract Regulation 100

Construction Superintendent Magazine

MARCH 4, 2014

. -- The Associated General Contractors of America is planning to launch a new private insurance exchange in cooperation with Willis North America, association officials announced. Our members will now be able to secure the kind of convenient and discounted benefits that a growing number of large employers already enjoy.”.

AGC 61

AGC Las Vegas Plans Insurance 61

Levelset

FEBRUARY 3, 2023

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors. There’s plenty of work to go around!

Finance 52

Finance Cash Flow Materials Security 52