General contractors working in the commercial construction sector offer thediverse range in services.These services include turnkey projects as well as renovations, new construction, inside fitting-outs along with site improvement and renovations. In some cases an general contractor is able to take over...
General contractors can help you with anything from interior design to warehouse construction, and specialize in that one area. They're typically the best in what they do and it's good to start with them! ByEliseP— On May 11, 2011 ...
With that said, a general contractor’s work doesn’t end with overseeing the project. A licensed general contractor usually takes on other responsibilities such as securing worker’s compensation and liability insurance for everyone in the project. General contractors are in charge of making sure ...
You may need a Certificate of Insurance (COI) in a number of situations. Generally, a client will request a COI directly from your insurance company to confirm you have appropriate insurance coverage. If you are hiring a contractor, consider getting a COI from their insurance company, even if...
Why a certificate of insurance matters When do I need to provide a COI? What information is included in a COI? Why contractors should keep a record of all COIs How long should I keep my COI? When should I ask for a COI? What’s the difference between a COI and an insurance policy?
What type of property management insurance should I have? Property managers need to have insurance that covers their business, their clients, their tenants and the properties they manage. While the insurance needs of property management companies are similar in some ways to other businesses – for ...
Who has control?Surety companies can have a lot of control over the process to complete the project if a default occursInsurance companies have no control over the project Who pays for a claim?The bond principal must pay back the surety after a claim.The policyholder does not need to reimbur...
Who Is Insured Under Commercial General Liability Insurance? The insured cover a named insured (such as an individual or business) that is specified in the insurance contract. The named insured is normally the policyholder. The policyowner can also name additional insureds (such as contractors) an...
All payments should be processed before or at their due date on a bill, as agreed upon between a vendor and a purchasing company. Required documents need to be prepared and verified. The details entered on the check, vendor bank account details, payment vouchers, and the original bill and ...
TheHealth Insurance Portability and Accounting Act (HIPAA), which governs the collection of health information TheGramm Leach Bliley Act (GLBA), which governs personal information collected by banks and financial institutions TheFair Credit Reporting Act (FCRA), which regulates the collection and use ...