Insurance Liability Reference 
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.
Construction Marketing
SEPTEMBER 24, 2015
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. Business Plan.
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NH Construction Law
JULY 26, 2020
“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.
Levelset
SEPTEMBER 6, 2022
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.
Building Radar
NOVEMBER 18, 2024
The burden rate refers to the additional costs associated with labor beyond the basic hourly wage. These include expenses like payroll taxes, benefits, insurance, and other indirect costs understanding labor burden. What is Burden Rate in Construction?
Levelset
SEPTEMBER 2, 2022
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.
Construction Business Owner
DECEMBER 6, 2011
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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