Articles
- Parent Category: News Roundup
- Monday, 04 January 2016
- Published Date
- Written by TPB News
It can be tempting to shave a few dollars off short-term costs, thinking things will add up to more money saved in long run. In doing so, contractors actually raise risk and that can result in irrecoverable damage to a business. So reports Constructor Magazine.
There are four “hidden risks” you’ll want to stay on top of:
- Don’t assume your personal assets aren't vulnerable to a business lawsuit
- Don’t write your own contract—rely upon the appropriate legal professionals to implement waivers and contracts.
- Don’t go cheap on appropriate insurance coverage.
- Don’t fall behind on safety requirements to prevent--and appropriately respond to--on-the-job injuries.
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