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Does GC Insurance Cover Subcontractors?

Levelset

General contractors know these risks when they take the role. At their core, insurance policies are agreements between two parties: the insurer and the policyholder. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. Below is a list of coverages that can be obtained through a separate policy or amendment to an existing agreement. . General liability may help pay for the cost of repair. . Protecting your property.

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Additional Insured Endorsements & How They Work in Construction

Levelset

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. An additional insured agreement allows a policyholder to extend their business insurance coverage to a specific third party. What is an additional insured?

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Superfund can Save Our Current Way of Life

Green Building Law Update

There is no dispute that the 1980 Comprehensive Environmental Response, Compensation, and Liability Act, commonly known as Superfund, has failed to clean up more than a small fraction of the nation’s worst hazardous waste sites. President Obama acknowledged the 37 year old federal program’s flaws while seeking more funding.

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Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Unlimited liability for designers and contractors.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Aside from owners and GCs, a government entity may want to see proof of liability insurance. This party may want a COI to ensure they are protected from liability in the event of a product-related injury or accident.

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Integrated Project Delivery – Your Complete Guide to IPD in Construction

Autodesk Construction Cloud

Methods vary from Design-Bid-Build, Design-Build, Construction Management at Risk and Multi-Prime, but none of these fully address the collaboration issues that can occur in construction teams except Integrated Project Delivery (IPD). What Are Multiparty Agreements? They need to set the example.” How Does IPD Work?