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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes. However, standard commercial general liability insurance policies do not cover properties of third parties that were under your control or custody. How much does crane and rigging insurance cost?

Insurance 167
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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Points to Ponder: It is the contractor’s responsibility to create a work area and zone free from hazards that could cause injury or harm to persons or property. Tags accounting.

professionals

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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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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 . Accounts Receivable Turnover .

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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.”. If your business is found to have caused an injury or accident, the other party will seek damages.

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Benefits of Construction Mobile Apps

Construction Marketing

Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. Using paper forms and manual processes for safety inspections can increase your firm’s liability risks and cost hundreds of hours of employee time tracking site safety rather than actually ensuring it.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. The company called us to come in and evaluate some of their work stations where they seemed to be getting the most injuries from repetitive motions. These tools are a little more expensive, however, if proven to help reduce employee discomfort and injuries, they would be an good investment.