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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

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. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Legal Documents. Business Plan.

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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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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. In his commencement speech to Stanford University graduates in 2005, he references The Whole Earth Catalog from the mid-1970’s: On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. STRATEGY |. MANAGEMENT |.

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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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Additional Insured Endorsements & How They Work in Construction

Levelset

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

The Importance of Prequalification and Contractor Management Prequalification refers to the process of assessing and evaluating potential contractors or subcontractors before awarding them a project. Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work.

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Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. Every construction work begins with legal approval. The actual owner of land legally sets people by way of every power of attorney. Commencement Certificate.