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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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Top OSHA Violations in Construction (2021)

Levelset

According to BLS data, falls accounted for more than 1 in 3 jobsite fatalities in 2019. It accounts for more than twice as many citations and over 5 times the financial penalties of any other violation. On a large commercial project, the accounting team may not bat an eye. Workers’ compensation insurance. Legal fees.

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A proposed CSA rule you can’t afford to ignore

FDR Safety

For more than 5 years, the USDOT’s Federal Motor Carrier Safety Administration has been hoping to draft a rule that finalizes its multi-year overhaul of the government’s commercial truck and bus enforcement program, and now it has a proposed rule on the table.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. INSURANCE |. Accounting & Finance. Beane didn’t achieve success by drafting players based on his emotional judgments or media-based hype. Tags accounting. accounting software. Construction Accounting Software. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->.

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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. INSURANCE |. Accounting & Finance. In that relatively short time frame I am able to draft an email from 30,000 feet and send it into the ether to any number of project team members. Tags accounting. accounting software. Construction Accounting Software. STRATEGY |. MANAGEMENT |.