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Streamlining Commercial Property Claims Management with Commercial Managed Repair

Contractor Connection

Imagine your policyholder walking into their commercial property after a disasterinventory ruined, operations halted and mounting pressure to get back to business. Commercial managed repair programs (MRPs) are the solution to navigating this critical moment. What is a commercial managed repair program?

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. You can also hire a lawyer to help you out with other legal requirements such as service agreements. 13) Business insurance. Roofing equipment and materials. Labor costs.

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Should Contractors Be Allowed to Insure Themselves Against Their Own Faulty Work?

Construction Dive

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.

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What is Project Loss Insurance?

Levelset

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

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What is Equipment Floater Insurance for Contractors?

Levelset

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

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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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Pennsylvania Home Improvement Consumer Protection Act: What Residential Contractors Need to Know

Levelset

The rationale is that homeowners aren’t as sophisticated and/or construction savvy as commercial owners. The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. Insurance coverage. Notice of right of rescission.