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#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

This mutual waiver includes: 1 damages incurred by the Owner for rental expenses, for losses of use, income, profit, financing, business and reputation, and for loss of management or employee productivity or of the services of such persons; and.2 A commercial owner's lost profits will always be of the latter type.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

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

Levelset

A series of small mishaps like these could put a dent in your profit margins from year to year. You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability may help pay for the cost of repair. . Protecting your property.

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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws. The bill also establishes liability protections for MDE and the State. SB 420 / HB 581 is substantially the same as HB 619.

Maryland 156
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Integrated Project Delivery – Your Complete Guide to IPD in Construction

Autodesk Construction Cloud

In a recent episode of our Digital Builder podcast, Ariana Alvear, Senior Production Manager at The Boldt Company, shared her experience working on IPD projects. Integrated Project Delivery operates differently than conventional project management methods but often results in more productivity and efficiency and reduced risk and losses.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

Product Spotlight. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

Cash Flow 168
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Maryland Enacts New Environmental Laws in 2020

Green Building Law Update

Savvy players in the environmental industrial complex will find business opportunities to lead and profit in environmental matters, including opportunities advantaged by these newly enacted laws. The bill also establishes liability protections for MDE and the State.

Maryland 156