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Is Subcontractor Default Insurance Right for Your Company?

Construction Business Owner

For some construction management firms, subcontractor default insurance policies offer a viable alternative to performance bonds. These policies are designed for the “at risk” construction manager (CM), general building contractor and design-build firm with an annual subcontract volume of $75 million or more.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

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Additional Insured Status: Playing the Speak-Out Game on a Construction Project

Best Practices Construction Law

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

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What FAR Council Updates to Small Business Contracting Requirements Mean for Large and Small Business Contractors

Federal Construction Contracting Blog

For example, one of the rules makes noteworthy changes to the FAR’s Limitations on Subcontracting, resulting in a more friendly regulatory landscape for small business prime contractors. Limitations on Subcontracting – Helpful Changes for Small Business Prime Contractors.

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What Is an Installation Floater?

Levelset

” 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?

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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

As the name also suggests, Sage Intacct Construction was designed with the construction industry specifically in mind, and includes functionality and reporting tools that are unique to the industry. Reports within the dashboard have many different configurations to meet your needs.

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Should Owners Be Allowed to Sue Subcontractors for Noncompliant Work?

Construction Dive

By Bruce Jervis Subcontractors are, of course, responsible for compliance with the project design. If an insurer pays out on a property loss caused by a sub’s noncompliant work, the insurer may seek reimbursement through a subrogation action.