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Contrary to the common perception that all contractors perform the same role in a construction project, contractors can be classified into two types depending on the work they do: general and specialty contractors. In this blog, we will compare the roles and responsibilities of general and specialty contractors to understand which is the better option and also discuss whether skill
The biggest bonus of being an independent contractor is that you are your boss and can select how and when to work. It can be a lucrative career option if you have the requisite skills and training, as several clients choose to hire independent contractors for their projects because of their convenience, affordability, and flexibility. However, while being an independent
Inflation is expected to impact insurance costs in 2023 for construction contractors. However, the rate of increase in premiums may vary depending on several factors, such as the class of business, the type of damage or loss, and the state where you operate your business. In the blog, we will discuss the expected rise in costs for several insurance coverages
Contractors are exposed to unique risks each day. Whether you are working on a large construction site or a home renovation, the chances of injuries and property damage are relatively high. To protect your business from eventualities that may lead to massive financial and reputational loss, you must ensure that you have general liability coverage in your contractors insurance. In
The construction business is fraught with risks. Having a solid risk management plan helps you to identify the potential risks that can negatively impact the progress of the project and also your business reputation. A good plan enables you to find optimum solutions to reduce the chances of the risks turning into reality. In this blog, we will familiarize you
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