People and businesses that operate as independent contractors aren't covered by the insurance of the companies they provide with services. To properly protect themselves and their business, they must obtain their own insurance. In addition, some companie
Construction insurance is a broad category of commercial insurance products that are applied to the work contractors do. These policies provide protection for the contractor’s company as a whole, beyond the project they are working on. Many contractors can benefit from construction insurance because ...
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?
When some people ask what insurance do I need, they’re usually referring tolife insurance. Getting life insurance should be a top priority whenever you have any dependents. For example, my wife and I got life insurance policies as soon as we bought a home. The thinking was, if one of ...
Most home insurance policies won’t cover flood damage, so you might need separate flood insurance. Learn what flood insurance covers and where to get it.
In order to comply with federal payroll tax laws, you need to properly classify you workers as either employees or independent contractors. The general steps to do this are: Assess the nature of the work being done. A worker may be an independent contractor if you have the right to control...
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 Privacy Contracts often involve the exchange of sensitive information. Ensuring that confidentiality and priva...
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 ...
Replacement cost insurance pays for you to replace a damaged or stolen piece of property with a new one. Learn how it could keep you from being underinsured.
Subcontractors are independent workers hired by contractors to complete specific tasks, whereas contractors work directly with clients. Do subcontractors need to have their own insurance?Yes, subcontractors should have liability insurance and, in some cases, workers' compensation coverage to protect against...