Contractor Bookkeeping

SEPTEMBER 1, 2023

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them.

Legal 129

Legal Contract Discrimination Liability 129

Levelset

SEPTEMBER 7, 2022

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.

Liability 52

Liability Insurance Injury Contract 52

Levelset

SEPTEMBER 14, 2022

“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.”. General liability insurance. For example, assume you paint residential structures of all types.

Insurance 98

Insurance Liability Claims Injury 98

Levelset

SEPTEMBER 2, 2022

While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.

Insurance 52

Insurance Liability Claims Injury 52

Job Order Contracting

DECEMBER 13, 2020

85%+of all projects are over budget (just 31% of all projects came within 10% of the budget in the past 3 years – KPMG) 52% of rework is caused by poor project data and miscommunication (2018 Industry Report – Construction Disconnected, FMI). 40-50% work is either rework or not “value-added work.”

Project Management 229

Project Management Organization Capterra Management 229

ExactHire - Construction

JULY 16, 2021

This is especially true in industries like construction, restaurant, and home service. Just like with your paper application, you should examine your simple job application form for potential legal liabilities. If you’re like most employers, the current worker shortage has you rethinking your hiring strategy.

Mobility 97

Mobility Employment Software Software 97

Pro Builder

JULY 27, 2020

Construction is an industry where general contractors regularly hire third parties, or subcontractors, to do the bulk of the on-site work, so home builders sometimes are deemed the primary contractor. Failing to handle absence requests properly could expose employers to liability under those laws. . Mike Beirne, Senior Editor.

Legal 59

Legal OSHA Employment Liability 59