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Your Claim Has Been Denied

Construction Business Owner

Your Claim Has Been Denied. Fri, 07/23/2021 - 09:30. If your construction business has suffered a financial loss due to damage, accident, crime or liability, the last thing you want to hear is that your claim is. Choose the Right Insurance Partner. Alex Headley. not covered.

Claims 318
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#109:  Liability Insurers' Duty to Defend

NH Construction Law

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. 4th 12 (1st Cir.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .

Safety 94
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Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply. Foulke Jr.,

Safety 72