From $9.95


Statistics

Users
Total: 33,872
Visited Last 30 days: 170
Forum Messages
Total: 21,052
Last 30 days: 9
Forum Evaluations
Total: 24,342
Last 30 days: 0
Journal Entries
Total: 5,469
Last 30 days: 9
Connections
Total: 15,288
Last 30 days: 5
Downloads
Total: 88,671

Journals

Name
Moving-Tips Delhi, AL
157 Visits | 3 Posts | 0 Pix | 0 Videos
First-Time-Home-Owne... Fountain Inn, SC
43 Visits | 3 Posts | 0 Pix | 0 Videos
jemodernllc Washington DC, WA
13 Visits | 1 Posts | 1 Pix | 0 Videos
pestcontrolservice noida, AL
55 Visits | 1 Posts | 1 Pix | 0 Videos
homeexchange Boynton Beach, FL
143 Visits | 1 Posts | 1 Pix | 0 Videos
Packers-and-Movers Delhi, AL
969 Visits | 7 Posts | 1 Pix | 0 Videos
tubepminhkiet Ho Chi Minh, AL
199 Visits | 1 Posts | 4 Pix | 0 Videos
thietbivesinhthienlo... Ho Chi Minh, AL
223 Visits | 1 Posts | 1 Pix | 0 Videos
songnam Ho Chi Minh, AL
216 Visits | 1 Posts | 2 Pix | 0 Videos
ridhwan New Delhi, AL
254 Visits | 2 Posts | 1 Pix | 0 Videos
RoofProIndy
270 Visits | 2 Posts | 0 Pix | 0 Videos
Concrete-Contractors...
767 Visits | 6 Posts | 0 Pix | 0 Videos
admetalroofing Morehead City, NC
250 Visits | 1 Posts | 1 Pix | 0 Videos
httpswwwtrukorcomblo... Hyderabad, AL
311 Visits | 1 Posts | 0 Pix | 0 Videos
Tanglewood Colorado Springs, CO
125,849 Visits | 1,018 Posts | 2,596 Pix | 47 Videos
Handyman
336 Visits | 1 Posts | 0 Pix | 0 Videos
Rick-Low
394 Visits | 5 Posts | 0 Pix | 0 Videos
pressure-washing-ren...
411 Visits | 1 Posts | 0 Pix | 0 Videos
getpestcontrol Delhi, AL
993 Visits | 4 Posts | 1 Pix | 0 Videos
Tenants-Right-When-S... Maryland, MD
1,082 Visits | 9 Posts | 5 Pix | 0 Videos
See all journals...

Current Top-Rated Posters

RatingPosts

Your Construction Bargain Strategies book is a wealth of information.
Charlene Kreidler

Try one of our new Construction Bargain Strategies for free. Coupon code: CBS. One strategy could save you $1,000 or $10,000 or maybe $50,000 when you build or remodel.
25,000 pages of free owner-builder resources.  We accept no ads.

LLC question


Filter by date: and/or Keyword



Reply... Subscribe to this topic


Randy's Forum Posts: 98
Interview Answers: 5

Private Message


Randomly Selected Image

Login to Vote

By Randy in Dunlap, TN on 2/12/2006


All,

    Noticed on another thread (OB financing) a recommendation to protect yourself under an LLC while you are building.  Anyone have further insight?  Seems to me that if your subs are all properly insured (good interviews and screening) that you would not need such protection.  On the other hand it makes sense to protect yourself to the fullest extent possible.  The book does not address this issue, just wondering what most have done and what is the safest course.

Randy


Reply...


Jay's Forum Posts: 13

Private Message


Randomly Selected Image

Login to Vote

By Jay in Elkhart, IN on 2/16/2006


Randy,

I think that is a bit of an overkill.  You're right, cover yourself by doing good interviews and screening with all your subs, and vendors.  Check with your local building department to verify what their requirements are (bonds, license, and insured); most reputable subs should have this information already.  Get copies for your records, before hiring.  Requirements on your end: proper builders insurance and a extension policy I believe CWC (Contingent Workers Comp policy) can be added in most cases for $50-100 premium a year.

Also during construction before a trade starts, have 5-10 min safety meeting i.e. pointing out cleanliness or obstacles, and document. 

Jay


Reply...


Paula's Forum Posts: 60
Interview Answers: 14

Private Message


Randomly Selected Image

Login to Vote

By Paula in Fredericksburg, VA on 2/17/2006


Jay

Can you elaborate on your statement regarding Contingent Workers Comp?  Have you personally experienced this?  Where did you get your workers' comp insurance from?  I have looked high and low for it and have had very little luck obtaining a policy.  Any insight would be appreciated.


Paula


Reply...


Jay's Forum Posts: 13

Private Message


Randomly Selected Image

Login to Vote

By Jay in Elkhart, IN on 2/20/2006


Paula,

Yes, it is my understanding that this policy should (word used loosely) be on everyone's homeowners policy, i.e. "everyone will have some work done on their house sometime".  Some agents offer it in their "All inclusive homeowners policy" or will add it as an added incentive.  Some agents offer a standard package and might not be very familiar with it.  Again it's not very expensive, it was always included in my homeowners and until it was explained, I never really paid any attention to it. 

In other words my agent explained that if you were having any type of work done on your existing house that involves an outside party (i.e. sub, vendor, installer) you are under the same risk of liability as if you were building.  Again the most important thing is that you cover yourself with the people you are hiring checking their references and licenses.  Let me do some digging through my paperwork to get the exact verbiage.

In the meantime, ask your agent if there is anything in your current policy that offers some sort of liability protection for any work on your existing home.

Jay


Reply...



Reply... Subscribe to this topic

Copyright 1997-2021 Consensus Group Inc.