Learn what a certificate of insurance for contractors is, when one is needed, and how they work in construction.
Bonds vs insurance: What’s the difference? 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. ...
Being great at what you do is just half of the challenge and the rest is down to onboarding clients and keeping up a strong working relationship with them afterwards. To achieve success, you need to put in a lot of working hours and so, it can be difficult to keep up to date with ...
What Contractors Can Learn from Rollout of State Health Insurance ExchangesDixon, Chris
If you are self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business. Freelancers, contractors, side-giggers and small business owners typically attach this profit or loss schedule to the
Also, Roth IRAs do not haverequired minimum distributions (RMDs). If you don’t need the money, you don’t have to take it out of your account (where it continues growing tax-free). You can contribute to a Roth IRA as long as you have eligible earned income, no matter how old you...
Fee-based advisors make most of their income from fees paid by their clients. They may also receive commissions from brokerage firms, mutual fund companies, or insurance companies when they sell products. Fee-only advisors are paid exclusively by their clients. They do not receive commissions for...
Find a licensed builder:Lenders will want to know that your chosen builder has the expertise to complete the home. If you have friends who have built their own homes, ask for recommendations. You can also turn to theNAHB’s directory of local home builders’ associationsto find contractors in...
You’d pay your share of the repair cost — known as the homeowners insurance deductible— and then the insurer would pay the rest, up to your dwelling coverage limit. » READ MORE: What is dwelling coverage, and how much do you need? Other structures coverage Just like it sounds, ...
Some types of professionals may be required by state or federal law to buy E&O insurance before going into business, such as attorneys, contractors, and medical professionals. Some businesses may need E&O insurance to get or renew a professional license or to comply with the terms of a client...