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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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Professional Liability Insurance Explained

Levelset

Professional liability insurance protects against claims related to professional negligence. Professional liabilityā€¯ is a newer term that emerged to highlight the fact that these policies often cover extra bells and whistles, like reputation, repair costs, travel costs, subpoena coverage. What is professional liability insurance?

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Job Order Contracting ā€“ Best Practices Implementation

Building Information Management

Travel time or costs associated with transportation between an employeeā€™s residence and job site are not reimbursable. Out of state travel of any kind will not be reimbursed or allowed in the cost model. Non-Discrimination. However, substitution of materials shall not be made without prior written approval from the Owner.