As a contractor, it’s important to have the right protections in place before a project kicks off. To protect your company against third-party lawsuits, you should make sure you have the right types of insurance. You might also consider getting bonded, which protects project owners if somethi...
Simply put, if you are hiring an independent contractor or business for their services on your property, you should require a certificate of insurance (COI). If you are a contractor or business, you should have a COI so you can prove to your clients that you are insured. How Long is a...
To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. Before you can get hired and begin work, you’ll need to prove to owners...
Accounts payable (AP), or payables, refer to outstanding bills or payments that the company owes to somebody else, such as to a vendor or contractor. These payments must be made within the reporting period; they represent a current liability. What Are Some Common Examples of Current Liabilities?
A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.
Buyers will need to bring the funds to cover closing costs, which are often conveyed at closing by a cashier’s check. At this time, buyers should also provide proof of homeowners insurance. What happens at closing? On closing day, you will have two primary responsibilities: signing legal do...
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policy first. When the umbrella policy acts as the primary policy, you may be responsible for a self-insured retention (SIR) fee that must be paid for the umbrella policy to become operational. Some examples of when your umbrella insurance might not have underlying coverage from another policy...
"This pays for you to have a place to stay, laundry services and more," Shannon Martin, an insurance expert at Bankrate, told CBS MoneyWatch. "When you file a claim, ask if they will expedite that portion of the claim payment so you can find a place to stay."...
If that's proven, then the title wasn't clear when the house was sold. The buyer may have to give up the property despite having spent a large sum to get it. Their dream house becomes a nightmare. What Is Title Insurance? It's an insurance policy that covers common claims arising fro...