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Utah Construction
Whats the Difference Between a Contractors Bond & Contractors Insurance? Understanding the Key Point
Posted on June 15th, 2017
Many people do not understand the differences between a contractor bond and contractor insurance. On the surface, they appear the same. Although they do serve similar purposes, bonds and insurance protect opposite sides of the contract. Bonds protect the consumer from any breach of the contract while the insurance protects the contractor against potential losses.
When people talk about entrepreneurship, the construction industry does not often come to mind. Entrepreneurs are often talked about as tech innovators, creating the next social media website or building rockets to Mars. However, most entrepreneurs are more realistic, looking to invest their money within new or expanding markets. As the construction industry continues to grow, there are many opportunities. Consequently, entrepreneurs are turning to construction businesses in droves.
All around us, technology is changing constantly. And with the changes of technology comes changes in many industries around the country. One technology that has particularly impacted the construction industry is drones. Let's take a look at how this new technology could be affecting you.
These are just a few of the reasons why working in the construction industry is a good choice.
Here at Utah Contractor License Center, we want to give you the tools you need to succeed in your career in the construction industry. If you are interested in what we provide or if you want to know more about preparing for the contractor's exam, please contact us today!
Is there a trade labor shortage in the US currently? Forbes.com says yes. Since 2010, trade laborers have seen a steep decline in areas such as construction, electric, and plumbing.
UTCLC would like to help you make sure that 2017 is your best year yet. Please call us to find out what he have to offer so that you can take advantage of the construction-friendly atmosphere happening in Utah right now.
Adding the unexpected will help you stand out from the competition and just may help your business grow.
All of those things listed will be a positive factor for Utah's construction industry this coming year - and in years to come. We look forward to an expanding work force and watching your businesses thrive in 2017. UTCLC is always here to help. Remember, we are only a phone call away!
Though not without its challenges, economically speaking, 2017 still looks to be a very promising year as recovery continues.