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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

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.

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Travelers Insurance Wants to Pay You to Use Procore

Construction Junkie

Having all relevant documents available at your fingertips is invaluable to running and properly documenting a project. Well, now at least one insurance company believes that, as well. For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

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. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Considering a Job Order Contract?

Job Order Contracting

Here are a few items for review when organizations are considering a job order contract or hoping to improve one. Assure JOC program processes and structure mutually benefit your organization and awarded JOC contractors and can be implemented without the need for paid on-site “JOC consultant” 2.

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3 Factors to Consider When Starting the Prequalification Process

Safety Services Company

In this case, becoming prequalified can help your organization stand out. Documentation and Records Required Each prequalification service has different requirements. These can relate to your insurance, financial stability, safety records, etc. Roughly 738,281 contractor companies in the U.S.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Insurance and bonding requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. Once you know the requirements, you need to ensure all relevant people at your organization are aware of them. Building codes. Credit and background checks. Wage and union payroll agreements.