Levelset

SEPTEMBER 23, 2022

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

Insurance 52

Insurance Liability Accidents Risk 52

Levelset

JUNE 3, 2022

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?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Contractor Bookkeeping

MAY 10, 2024

You must also ensure that your paperwork, documents, and contracts are in order. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly. This is a mark of professionalism and can also help if you have an insurance or legal claim.

Documentation 117

Documentation Insurance Legal Claims 117

BD+C

OCTOBER 16, 2017

The updated AIA 2017 project contract documents include a new, comprehensive insurance exhibit that will allow for easier, more frequent updates as conditions in the insurance market change.

Insurance 49

Insurance AIA Documentation Contract 49

Construction Marketing

SEPTEMBER 24, 2015

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Legal Documents. Business Plan.

Documentation 120

Documentation Insurance Legal Liability 120

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

OCTOBER 13, 2022

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.

Insurance 52

Insurance Certification Contractors Liability 52

Wolgast Corporation

APRIL 30, 2024

To get the most from an insurance claim involving property restoration, it is best practice to openly communicate and collaborate with both your agent and restoration company. Know Your Policy Additionally, there is no way around it, you need to know what is included in your insurance plan prior to disaster.

Commercial 127

Commercial Insurance Claims Documentation 127

Construction Junkie

JULY 27, 2020

Having all relevant documents available at your fingertips is invaluable to running and properly documenting a project. Well, now at least one insurance company believes that, as well. For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company.

ProCore 83

ProCore Travel Insurance North Carolina 83

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

CivilJungle

AUGUST 8, 2022

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. The below documents are necessary for the purchase of property: 1. The kata simulates the account , and documents are essential when conducting land from one to another.

Documentation 52

Documentation Legal Certification Agreement 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Safety Services Company

MAY 21, 2024

They also need to complete the necessary documentation. How to Stay Compliant with Swift Current Energy To maintain compliance with Swift Current and be considered during the hiring process, contractors must have all required contractor data posted on the platform, along with necessary documentation for their compliance process.

Documentation 74

Documentation Insurance OSHA Safety 74

BD+C

OCTOBER 7, 2024

This comprehensive evaluation included the removal and documentation of dislodged stone units, examination of mortar joint conditions, and assessment of masonry veneer anchor assemblies. The design documents provided design details, building code, industry standards, and material requirements.

Insurance 52

Insurance Legal Documentation Claims 52

Safety Services Company

JULY 3, 2024

You will just need to ensure the necessary documentation is completed and submitted. Array Petroleum LLC Joins ISNetworld® Another major player joins ISN®: Array Petroleum. Array is a relatively newly formed oil and gas company led by a team with experience in acquiring and operating existing production facilities.

Documentation 118

Documentation Contractors OSHA Safety 118

Construction Cost Estimating

MAY 17, 2018

If it is required to develop a new building or refurbish surviving property, the owner should have arranged a document so that the work & other portions of the construction project can be performed systematically. Each construction project should comprise of crucial documents that generally form the part of every construction contract.

Documentation 40

Documentation Construction Drawings Contract 40

Best Practices Construction Law

AUGUST 12, 2014

The American Institute of Architects (AIA) recently released seven updated documents in its design-build family. AIA Documents Overview. The key document is, of course, the agreement between the Owner and the Design-Builder. ” Practice Point.  Of course, any form document will give you a good starting point.

AIA 54

AIA Documentation Design Agreement 54

Construction Dive

MAY 15, 2013

The document’s provisions addressing insurance represent one of the four categories containing the “most significant” changes made to C-700, a document that he characterized as “the lynchpin” within the organization’s Construction Series of documents. ” Read more.'

EJCDC 48

EJCDC Documentation Contract Insurance 48

Safety Services Company

OCTOBER 30, 2023

Documentation and Records Required Each prequalification service has different requirements. These can relate to your insurance, financial stability, safety records, etc. You should consider the network’s history, client relationship, reputation, and other contractor’s experience as well.

Insurance 95

Insurance Certification Contractors Safety 95

Viewpoint Construction Technology

MAY 15, 2018

Insurance and bonding requirements. Building codes , insurance requirements and bonding requirements can vary by location, though. Disseminating compliance information and collecting data via paper often leads to delays, lost information and outdated documents. Building codes. Credit and background checks. Lien requirements.

Management 173

Management Regulation Construction Documentation 173

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Contractor did not notify the insurance carrier of the dispute prior to settlement.

Insurance 59

Insurance Maryland Claims Construction 59

Safety Services Company

JULY 30, 2024

ISNetworld helps companies like Coke Florida manage contractor safety, insurance, and regulatory information. Submit Required Documentation Ensure that all necessary documents, including insurance certificates, OSHA forms, and experience modifier ratings, are submitted on time.

Florida 96

Florida Safety Contractors Insurance 96

Job Order Contracting

FEBRUARY 7, 2020

The process including identifying and analyzing direct costs and variances at a granular level and associated validation using source documents and independent locally researched construction cost information.

Construction 161

Construction Procurement Documentation CSI 161

Contractor Bookkeeping

MARCH 19, 2021

With all the documentation in place, a person could still be classified in the eyes of the Internal Revenue Service as an "Employee.". You need to know that their state contractor's license, bond, and insurance are active. During audits, state agencies are now looking to check the bond and insurance.

Contractors 71

Contractors Insurance Management Documentation 71

Safety Services Company

OCTOBER 16, 2023

Unlicensed contractors do not have the necessary documentation to prove their skills. The *ISNetworld® prequalification involves uploading documentation and answering 1,200 questions called an MSQ® or Management Systems Questionnaire®. You must upload 3 years of OSHA logs, Insurance (COI & EMR), and Safety programs (RAVS®).

Management 107

Management Contractors Safety OSHA 107

Buisness Facilities Contributed Content

DECEMBER 16, 2013

A Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) flood plain management report says current model building codes, such as the International Codes (I-Codes), have flood provisions that are consistent with NFIP requirements for buildings and structures. Posted by Heidi Schwartz.

Insurance 57

Insurance Modeling Feasibility Safety 57

Construction Dive

NOVEMBER 4, 2012

But does proof require hard documentation of each and every actual expenditure? The contractor was not required to support each alleged expenditure with an invoice or other payment documentation. By Bruce Jervis A contractor claiming entitlement to construction costs will of course be asked to prove those costs.

Documentation 48

Documentation Claims Utah Estimating 48

Autodesk Construction Cloud

OCTOBER 5, 2023

It facilitates productivity by reducing the time wasted searching for information among countless emails or physical documents. Showcasing this ability to insurance providers can help reduce insurance premiums and allow builders to divert funds to other more pressing issues such as worker compensation. Take Fredon for example.

Safety 88

Safety Insurance Risk Documentation 88

Construction Business Owner

AUGUST 29, 2023

To lighten the load, they need construction compliance software, like Acumatica Construction Edition.

Virgin Islands 255

Virgin Islands Puerto Rico Samoa Rhode Island 255

HardHatChat

OCTOBER 9, 2024

Many of these factors are well-documented. Another example is how one fire protection district and its ISO rating for insurance may differ from others, impacting everything from construction material type to glazing requirements, affecting cost and schedule.

Commercial 156

Commercial Retail Remodeling Construction 156

Levelset

APRIL 15, 2022

Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. You’ll need to provide documentation before work starts, apply for progress payments during the project, and apply for your final payment as part of project closeout.

Resource 97

Resource Lien Documentation Change Orders 97

Contractor Bookkeeping

APRIL 30, 2021

Invoices, receipts, bills, contracts, client records, pay applications, insurances, licenses - are just among the few in the seem to be never-ending "etc.". Keeping essential documents is necessary. Most contractors go from one extreme to the other.

Contractors 66

Contractors Insurance Contract Deals 66

BD+C

MAY 8, 2020

The document addresses strengthening buildings for flood, wind, wildfires, and earthquakes. Its goal is to help communities, building owners, and representatives in the private finance, insurance, and real estate industries initiate a greater mitigation dialogue.

Insurance 52

Insurance Finance Documentation Industrial 52

Building Radar

AUGUST 13, 2024

A Certificate of Occupancy is an official document issued by a local government or building department that certifies a building’s compliance with building codes, zoning laws, and other regulations. This document ensures that the property adheres to all relevant codes and regulations, reducing the risk of legal issues and fines.

Certification 52

Certification Legal Regulation Safety 52

Building Radar

AUGUST 5, 2024

Change Orders : Provides procedures for handling changes to the scope of work or contract terms, including how changes will be documented and approved. Insurance and Bonding : Specifies the types of insurance and bonds required, ensuring that the project is protected against potential risks.

Contract 52

Contract Construction Project Management Change Orders 52

Construction Marketing

JULY 11, 2022

Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. The company will ask for some additional documents so that it can evaluate you and your business to determine your level of risk during an underwriting process. Surety bonds do not protect you against liability.

Contractors 156

Contractors Legal Bidding Contract 156