Entries by Michael Stoop

NYC Department of Buildings Changes General Liability Insurance Requirements

The Department of Buildings issued new rules changing NY Construction General Liability (GL) insurance requirements for construction and/or demolition. The new rule will be effective on June 13, 2011. Evidence of new specific project insurance requirements will be required when pulling the permit at that time. The following factors will determine the insurance requirements:   Tower Crane If […]

Scaffold Rescue in Yonkers

In early March, two workers were working on thirteen stories above the ground on a building on Nepperhan Avenue in Yonkers when the scaffold they were standing on collapsed. The scaffold collapse was caused by a failing motor in addition to the wind. Luckily, these workers were harnessed and securely fastened. Trained and experienced firefighters […]

Advice For Small Businesses and Reducing Health Care Expenses

If your small business’ revenues can’t justify the incremental increase in your health insurance costs, then you should start looking into alternative employee health plans. You may have heard that small businesses are at a disadvantage when it comes to employee health coverage. Contrary to the beliefs, small businesses do have ways to reduce expenses […]

Small Businesses: 10 Critical Questions You Must Ask Each Year

Unlike large businesses, Small businesses don’t have employees to continually develop extensive business analysis and strategic plans. However, yearly business checks can be performed to find areas that need more development and focus and allocate employees to work on certain tasks. In order to maximize productivity and efficiency with limited employees in a small business, […]

Legal Materials to Start Your Small Business

  Business Matter The advantages and disadvantages of various businesses must be distinguished. Each state has different rules and regulations regarding business classification so it is important that you have an attorney with you to help you through this tricky process. Sole Proprietorship It is the simplest business formation; you don’t form a separate legal […]

NY Contractors Attempt to Avoid Unions

NY Contractors Attempt to Avoid Unions The large association of contractors in NYC are approaching union chiefs and working to compromise on wage and benefits reductions. Umbrella construction employers aim to ‘rank and file’ union affiliates to make management’s argument. Building Trades Employer’s Association contractors believe a need for major adjustments to help boost NYC’s […]

Improving Your Finances

Improving Your Finances Surety sponsors are seeking more financial assistance; Subordinated debtcan be a solution to gain security credit. Subordinated matters is a way a contractor’s monetary base can be improved under pertinent conditions.NY Surety users are aware that surety endorsing has been constricted, rates of bonds have risen, and bond programs have tightened as […]