This is an all-too-common mistake the IRS finds employers making with independent contractors. If you need long-term work from the contractor, the DOL and IRS will eventually wonder if you should have a regularly scheduled employee in that role. Tip If you're concerned about managing independe...
Because the policy statement is a conversation between the advisor and client, the two parties should also review and amend it periodically if circumstances change. Aside from scheduled check-ins, advisors should be alert to changes in clients' liquidity needs. Those could include buying a sec...
Although contractor bonds and construction insurance can both be valuable for contractors, bonds and insurance differ in a number of ways and have separate uses. There are three main differences between a bond and an insurance policy. Construction Bonds Insurance Who is protected? The project owner...
Builder's risk insurance covers the property and materials during a renovation. Learn how much builder’s risk insurance costs, what it covers, and more.
A contrarian's contrarian is making big moves, including some new buys, with his high-profile portfolio. Brian O'ConnellFeb. 28, 2025 7 of the Best Long-Term Stocks to Buy These entrenched blue-chip stocks all have staying power.
A famous example of this is when one of Target's HVAC contractors led to the exposure of millions of credit cards. What Types of Risks Do Third-Parties Introduce? There are many potential risks that organizations face when working with vendors. Common types of third-party risks include: ...
Lower costs:AI contract tools can automate some of the work you'd typically outsource to contractors and law firms, cutting costs as a result. However, the biggest benefit for in-house lawyers is that it substantially reduces the amount of low-value work that lands on their desk. ...
Learn what a certificate of insurance for contractors is, when one is needed, and how they work in construction.
Understanding international contract law and potential jurisdictional issues is essential in such cases. Insurance and Indemnification Depending on the nature of the contract, parties may need to consider insurance and indemnification provisions to protect against potential liabilities. Confidentiality and ...
Without a COI, a business owner or contractor may have difficulty winning contracts. Because many companies and individuals hire contractors, the client wants to know that a business owner or contractor has liability insurance so that they will not assume any risk if the contractor is responsible ...