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

Levelset

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Construction Law: Jan/Feb 2024

Construction Law

Vijay Bange and Paul-Raphael Shehadeh of Duane Morris examine key provisions of the draft new edition of the Singapore International Arbitration Centre’s Rules. Insurance Contracts Works policies Insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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Last, but NOT Least: Why You Should Take a Closer Look at Your Next Indemnification Clause

Construction and Infrastructure Law

A well drafted indemnity clause will ensure that all parties are liable for the result of their own work and negligence and that of any party that they have hired to work on a project. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability. What exactly will be covered?

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Last, but NOT Least: Why You Should Take a Closer Look at Your Next Indemnification Clause

Construction and Infrastructure Law

A well drafted indemnity clause will ensure that all parties are liable for the result of their own work and negligence and that of any party that they have hired to work on a project. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability. What exactly will be covered?

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A Comprehensive Guide to ICF Construction

Construction Marketing

ICF buildings can withstand natural disasters and are fire-resistant, resulting in lower insurance costs. The buildings are drafts-free, increasing comfort. Since the plastic insulation doesn’t settle or degrade over time, the building shell doesn’t lose its strength or efficiency. Energy efficiency.