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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. General liability insurance. For example, assume you paint residential structures of all types.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Like the Quick Ratio, Current Ratio measures a company’s ability to pay off its short-term liabilities with its current assets. Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage. Each field of subcontracting work has its own area of focus in insurance matters.

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Carpenter’s Insurance: Who Needs It & Why

Levelset

There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?

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Unlocking the Value of Temporary Housing: A Comprehensive Guide

Contractor Connection

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. Swift access to secure housing provides much-needed comfort and stability during times of crisis.

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. Liability insurance will help cover expenses for damage to someone else’s property and/or legal costs if another party decides to file a lawsuit. What is HVAC contractor insurance?

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .