Is Your
Insurance Working?
Transferring Loss to
the Provider.
Insurance is a form of risk management, and risk management
is one way to hedge against potential losses. Utilizing
insurance is one way to manage that potential risk of loss.
Insurance is basically the equitable transfer of the risk
of a loss from you, the contractor,
to your insurance provider. All insurance works much the same
way. When you pay a premium, you suffer
a small loss – the amount of
the payment. The amount of the
payment is a “known” loss because you know
exactly how much you must pay and when
your payment is due. Click
here to read the entire article.
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| Rule
61G4-15.010 Repealed this
Year
In January 2016 an old 1980 Florida
Administrative
Code Rule was repealed. Rule
61G4-15.010 provided a manner to allow an applicant to be administered
an oral examination. The applicant was required to submit the
same application and supporting documents required of
other applicants, accompanied by the application
and examination fees, except that the applicant had to also
document ten (10) years of experience in the
appropriate construction craft. In addition, the applicant who wished to
be administered an oral examination
could forward at least three written recommendations from
sources who were familiar with the applicant’s competency and general
reputation.
Click
here to read the entire article.
Ask Fred!
Abiding
by the laws that govern your contractor’s license is very
important, including those regarding worker’s compensation
coverage.
Question: I just discovered that my
workers’ compensation coverage lapsed about a month ago.
Is my license in jeopardy while I get that straightened
out?
Answer: Yes, it could be.
Pursuant to section 489.114, F.S., any person, business
organization, or qualifying agent engaged in the business of
contracting in Florida and certified or registered under
chapter 489, must provide to the Construction Industry
Licensing Board evidence of workers’ compensation coverage as
required in chapter 440. If the department notifies a party of
their noncompliance with the statute, they may either provide
certification or may be required to pay an administrative fine
in the amount of $500. You do have an opportunity to
cure the problem before a fine is imposed. Keep in mind
that the failure to maintain workers’ compensation coverage as
required by law
is grounds for
the board to revoke, suspend, or deny the issuance or
renewal of a certificate or registration of a
contractor.
Click
to read the statute.
Thanks for asking,
Fred Gray
CILB and ECLB Classroom
Classes...
We're
Coming to a City Near You!
CILB and ECLB
Classroom Courses
Our courses are informative, engaging and,
dare we say, well worth taking. There are lots of courses out
there. But why not take one that you’ll not only enjoy,
but benefit from? Here's our 2016
schedule:
Clearwater June 11-12
Daytona
Beach June 15-16
Ft. Lauderdale August
3-4
Ft Myers June
1-2
Gainesville July
30-31
Howey-in-the-Hills June
29-30
Jacksonville July 27-28
Miami
July 16-17
Ocala July
6-7
Orlando August 13-14
Sarasota
June 3-4
W Palm Beach June
25-26
The courses you need for renewal are available now
on our website, at
www.graysystems.com.
For
CILB class schedule,
click here. For ECLB class schedule,
click here.
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