Does your license have a requirement for your Responsible Managing Officer (RMO) or Responsible Managing Employee (RME) to carry their own contractor bond? The Bond of Qualifying Individual we offer completes that Contractor State License Board requirement. Our knowledge, experience and price makes us...
Here are some general contractor insurance claim scenarios: Property Damage: Imagine a contractor working on a home renovation. A misplaced ladder leads to a shattered, antique stained-glass window. The general liability insurance covers the cost of window replacement. Injury on Site: While ...
From that point, the general contractor oversees all aspects of the project and is directly responsible for any complications that may arise during construction. Any delays or issues with the project may come out of the contractor's pocket unless the agreement with the subcontractor or subcontractor...
This means on receipt of a successful claim payment will be made from the bond, instead of having to wait on payment from a contractor. This does not relieve the contractor of the responsibility for paying the debt. It still holds them accountable for the surety repayments, and they outlined...
Why is securing a contractor bond difficult? The surety company will calculate a premium based on a contractor’s performance and financial history, and how likely they are to default on the project. So, if you have good performance and financial records, the premiums charged will likely be lo...
NY Engineers Inc is your one-stop solution when it comes to general contracting of a number of construction projects.
It doesn't prescribe how many bins the contractor needs to provide, or who will collect them. In the general conditions, the contractor may include a line item of 50 recycling bins to be collected weekly by ABC Recycling Services, along with the cost....
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ACalifornia Contractor Bondcompany based out of San Diego has done a fantastic job of increasing their online exposure to youcontracting companyusing the methods below… How to Create More Leads 1. Put your goals down on paper. You did this for your marketing plan, right? You need to take ...
Know the Cost of Contractor Insurance Contractor insurance will protect you against financial loss due to damages or accidents that occur. With the many benefits of this cover, don’t worry much about the cost of the coverage. You need to compare the price from one insurance provider to anothe...