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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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More Than Half of Buyers Now Put Down 20% or More

Pro Builder

Rising down payments result in a drop of FHA and VA-issued mortgages, which insure zero and low down payment options. Meanwhile, the share of FHA-insured mortgages to total mortgages in fell to 14% in May 2021 from about 20% in past years. It is extremely difficult for FHA/VA buyers to get accepted in a multiple offer situation.

Finance 52
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#67:  Paying Your Subcontractor's Employees

NH Construction Law

An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed. If a sub won’t share its current financials, chances are they aren’t pretty.

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What Are the Legal Safeguards for Getting Back to Work?

Pro Builder

A discrimination claim could be more likely if an employee with the coronavirus charges that he or she felt stigmatized upon returning to work. Those answers will vary depending on the insurance plan.

Legal 59
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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