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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. General liability insurance. For example, assume you paint residential structures of all types.

professionals

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.

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#107:  "Prevailing Party" Attorneys' Fees Provisions

NH Construction Law

In New Hampshire, attorneys’ fee awards take into account “ the amount involved , the nature, novelty, and difficulty of the litigation, the attorney’s standing and the skill employed, the time devoted, the customary fees in the area, the extent to which the attorney prevailed , and the benefit thereby bestowed on his clients.”

Claims 40
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Those Days Are Over

Business Facilities

The most significant battles against discrimination in America throughout our history usually have followed the same trajectory. Finally, after legal liability and economic impact weigh in behind public opinion, the scales of justice permanently tilt toward a righteous outcome. Three months later, then-Gov.

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Why Projects Fail

Job Order Contracting

The key to consistent delivery of successful projects therefore lies in the ability to account for and/or manage variations as they occur. The ability to successfully account for and manage change during a project lies in an organization’s leadership and level of maturity relative to its strategies, processes, goals, and resources.