Remove Accounting Remove Claims Remove Defense Remove Injury
article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. If your business is found to have caused an injury or accident, the other party will seek damages.

article thumbnail

New Illinois Law Affects Certain Settlements

Construction Lawyer

No doubt as a surprise to many Illinois defense attorneys, a new Illinois law that goes into effect on January 1, 2014, will affect the way settlements are handled. This law, Public Act 098-0548, codified at 735 ILCS 5/2-2301, applies to “personal injury, property damage, wrongful death, or tort action involving a claim for money damages.”

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York Looks at Possible Scaffolding Law Reform

Safety Services Company

Lawmakers are considering a change to New York Labor Law 240, The ‘Scaffold Law’, that would require juries to consider the actions of workers in weighing injury lawsuits. Opponents believe New York’s scaffolding law is too rigid, claiming the law awards negligent and even drunk construction workers.

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Let us take care of your accounting.

article thumbnail

Federal Court dismisses sub's claim against GC because of arbitration

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Claims 40
article thumbnail

We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion.

article thumbnail

Economic Loss Doctrine bars Nevada claims against Architect

Construction Lawyer

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Only a knowledgeable attorney can apply the information here to your particular matter, taking into account the laws of your jurisdiction.

Nevada 40