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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

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The Newer the Home, the Less Operational Costs for Homeowners

Pro Builder

Operational costs include property taxes, insurance, maintenance, and utilities. But the National Association of Home Builders says homes built after 2010 have operational costs of 3%. Home insurance is the next most expensive item on the operating costs list. On average, homeowners pay just over $1,250 to cover home insurance.

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California Contractors Need Workers Compensation Insurance, or else…

Construction Law Monitor

In one of JD’s tweets last week I discovered a very informative article by Matthew Hicks regarding Workers’ Compensation Insurance law and jurisprudence in California. 4th 847 (2010). The bottom line here is that all California contractors need to be sure to maintain proper and adequate workers compensation insurance.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry. December 2010. October 2010.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. Copyright © 2010 Cahaba Media Group. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Green Building.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. 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. December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. December 2010. November 2010. October 2010. September 2010.