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To support a country after a war or a natural disaster, government contractors are hired. Contractors and subcontractors help rebuild a country by providing logistical support, infrastructure, and security where materials and manpower is highly needed.
In the U.S., government-accredited contractors and subcontractors are bound by laws before they can start to operate. Here is what you need to keep in mind or remember if you are working or planning to be part of such an industry.
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A worker’s comp insurance should be provided to employees by their employers. It is mandated by law to give a just and fair compensation to all workers, especially if the work activities have corresponding physical risks. Today, we are going to debunk the traditional thinking that workers comp is only for office or company workers. Because the truth is, this type of insurance is also for self-employed.
Commercial auto insurance ensures that your company is safe from any claims of bodily injury or damage to property during the operation of your company car or vehicle. This also offers coverage when your vehicle is used as a company vehicle. Having commercial auto insurance guarantees that there is money for any repairs, legal fees, and medical fees that other types of insurance products will not cover. Looking for the right commercial auto insurance? Understand the following first:
BOP is short for business owner's policy, which bundles the different types of insurance coverage in a straightforward package. If you have a homeowner's policy, then this works the same way. BOP is intended for small to medium-scale businesses and businesses that face similar kinds of risks. If you are new to having a business owner’s policy and you want to learn more, check these essential BOP facts before you look for the best coverage.
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