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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. 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.

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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.

professionals

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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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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed.

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PRIORITIZING SAFETY AT YOUR HOLIDAY PARTY

Safety Services Company

Medical insurance and workers’ compensation premiums can also take a heavy hit. Harassment and Discrimination. The second-most common downfall at holiday parties is the stage for harassment and discrimination.

Safety 48
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25 HR Compliance Terms to Know for 2018

Green Building Law Update

Intended to remedy the effects of past discrimination or underutilization of women and minorities. COBRA: The Consolidated Omnibus Budget Reconciliation Act is a 1985 Federal law that requires employers to offer continued health insurance coverage to terminated employees and their beneficiaries.

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Job Order Contracting – Best Practices Implementation

Building Information Management

The Owner will be required to deliver such materials to the job site or compensate the Contractor for providing labor to deliver Owner-furnished materials to the job. Taxes, insurance, fringe benefits, and vacation allowances are to be included in the Contractor’s coefficient. Typically JOC coefficients range from 0.80 Over 5,000,000.