Insurance, like anything else, has a range type and quality. For contractors, I try to add special value to the insurance program in 4 areas. Coverage, certificates, audits, and contracts.
Workers Comp may be my favorite type of insurance because it’s designed to help businesses keep premium costs low. The ‘E-mod’ is the key to understanding this process, and a good grasp of the
For businesses that have major pollution liability exposures they should pursue a pollution liability policy, since a General Liability policy excludes pollution risks. Although the GL policy has this exclusion,
Working with contractors and construction companies over the past several years, we’ve been able to develop a sense for their primary insurance concerns. Below summarizes the main points and offers some insight:
Cost vs. Value: A big part of a remodeling contractor’s job is dealing with the demands of the homeowner. Whether it’s a budget concern, a design issue, or a question of
Why Not Misclassify? In the construction industry, where independent contractors often work alongside regular employees, misclassification is prevalent. Wrongly designating hired workers as independent contractors allows you to avoid paying taxes,