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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 356
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Commercial Construction Trends: The Highs and Lows of 2016

HardHatChat

With December here, it’s time for our annual post reviewing some of the positives – as well as a few of the challenges – that shaped the commercial construction business in the past year. Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National.

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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Fortunately, crane and rigging insurance provide protection and compensation. However, standard commercial general liability insurance policies do not cover properties of third parties that were under your control or custody. You should include a riggers liability cover into your commercial general liability policy to be safe.

Insurance 174
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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . Start with General Liability Insurance and the Workers’ Compensation Insurance. . Promotion can come in various forms, such as newspaper ads, TV and radio commercials, and even ads on the Internet which is now the most popular method. . Labor costs. Utility bills.

Insurance 296
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Phase l Environmental Site Assessment Standard Being Revised

Green Building Law Update

million commercial and industrial real estate transactions in the United States each year, so you need to be aware of the revised standard expected to be issued later this year. This is hugely significant because a Phase l Environmental Site Assessment is conducted in the vast majority of the 5.6 9601) and petroleum products.”

Site 296
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4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

But snow removal insurance is different from commercial general liability insurance. And in case of physical harm to your workers or damage to your customers’ property, your snow removal insurance can compensate for the needed expenses. . Worker’s Compensation. Why Is Snow Removal Insurance Important? Conclusion.

Insurance 201
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How To Finance a Business: Short-Term vs. Long-Term

Construction Marketing

Interest rates on short-term loans are typically higher than those on long-term loans, as lenders compensate for the shorter repayment period with increased interest. Commercial Real Estate Loans: These are loans used to purchase or refinance commercial property.

Finance 299