Professional liability insurance is designed to cover Principals that provide professional services. It protects them against claims from clients who suffer a financial loss due to errors or negligence that are caused by actions or in actions of the Principal. It‘s...
As a new subcontractor, you might think that whoever you contract under will have a general liability insurance policy or some other insurance coverage that covers you. You may also think that the business owner’s policy covers you while you are on their site....
It was during high school when you started in the carpentry program. You spent time learning to use power tools and hand tools. Next, you took classes where you learned about OSHA and the building codes you would need in a business. Then, you took the most boring...
Maybe you’re a long-time independent contractor looking to expand the services you offer. Perhaps you’re an investor with a big idea and enough gumption to try and turn that idea into reality. At any rate, the first step on the path is creating a business plan....
Smaller contractors generally have a limited understanding of how classifying workers as either employees or subcontractors affect the various types of insurance. This simple distinction can land you in proverbial quicksand and before you know it your overhead. This...
