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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Does GC Insurance Cover Subcontractors?

Levelset

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?

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

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.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Forms & documents.

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A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

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.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

Contractors need to pay close attention to detail in their project documentation and draw requests. Improper project documentation or budgeting. Failing to protect lien rights. Though the rules vary by state, the lender on a construction project generally retains lien priority if the property owner defaults on the loan.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Insurance and bonding requirements. Lien 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. Safety regulations.