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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

Insurance 156
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Creating a JOC Coefficient?

Job Order Contracting

General insurances. Workmen’s compensations insurance. State unemployment insurance. Federal unemployment insurance. Transportation of contractor’s personnel to, from, and within the job site. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9.

Insurance 264
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Beyond Driver Exoneration: How Dash Cams Reduce Exposure to Nuclear Verdicts

Construction Business Owner

A 2020 American Transportation Research Institute (ATRI) study* found: From 2015 to 2019, there were nearly 300 verdicts over $1 million; and From 2010 to 2018, the number of verdicts over $10 million nearly doubled, and the dollar amount of awards grew 51.7% 4) Share safety improvements.

Safety 191
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How Dash Cams Help Your Construction Company

Construction Business Owner

The goal is to identify and address dangerous behaviors before an accident happens, protecting your company’s equipment from damage … your employees and others on the road from harm … your company from costly litigation … your insurance rates from skyrocketing … and your brand name from bad publicity. In a recent J.

Accidents 367
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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

You’ll also require the following: Vehicle that can handle transport of materials. Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 13) Business insurance. Roofing equipment and materials. Labor costs. Utility bills.

Insurance 296
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What is Equipment Floater Insurance for Contractors?

Levelset

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

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Total carnage as Deere hits a railway bridge

Digger Blog

One can only imagine that it would have been an insurance right off after this spectacular accident. It would also be more than likely that the driver of the truck was given the equivalent of our P45 on his return to the transport depot, unless of course, he had a really sympathetic boss!

Accidents 133