Liability Risk Security Subcontracting 
Levelset
SEPTEMBER 14, 2022
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. Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors.
Levelset
SEPTEMBER 12, 2022
” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy. Subcontractors face risk from a variety of angles , and some of those exposures can be addressed through a GC’s policy.
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Autodesk Construction Cloud
NOVEMBER 15, 2021
The difference between secured and unsecured debts. Karalynn also brought up the tendency of the industry to pass liability down the chain when drawing up contracts. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. Let’s meet in the middle.
Levelset
OCTOBER 14, 2022
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. . Each field of subcontracting work has its own area of focus in insurance matters. Liability for damage.
Autodesk Construction Cloud
OCTOBER 21, 2022
Subcontracting. This process is known as subcontracting. Construction Management at Risk (CMR) brings in a construction manager who serves as a constultant to the owner. They manage the subcontractors and take on the responsibilities (and risks) of meeting milestones and completing the project at the promised price. .
Rory Woolsey
MAY 31, 2012
Just the bare labor component includes adders such as fringe benefits, unemployment insurances (federal and state), social security taxes, public liability costs, and builders risk insurance. With general contractors subcontracting the bulk of their projects this is a reasonable place to start the marking up.
Buisness Facilities Contributed Content
APRIL 15, 2014
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.
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