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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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Louisiana Court Enforces AIA Wavier of Subrogation to Preclude Carrier’s Recovery

Constructlaw

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. or other property insurance applicable to the Work, except such rights they have to proceeds of such insurance held by the Owner as fiduciary. Myers Construction Corp., 3d 500 (La.

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PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., Wednesday, August 3, 2011.

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AIA???s Updated Design-Build Documents Highlight Some Best Practices

Best Practices Construction Law

An AIA press release highlights the array of how AIA agreements seek to accommodate the various ways in which design build projects are delivered. The key document is, of course, the agreement between the Owner and the Design-Builder. For example, the 2014 Exhibit A is an insurance and bonds exhibit. Additional Changes.

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Common Types of Construction Contracts And Their Use

cnstrctr

Under a lump sum contract the consultants are typically engaged by the owner and the contractor falls under a separate contract with the owner. The contract is typically governed by the prime consultant. Contractors and owners are used to working under this type of agreement. Construction Contract Types.

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Contracts: What to Look Out for

Help Everybody Everyday

Contracts are an agreement signed by your firm and a client that sets the rules for the work to be done. This article will explain some of the clauses you might see on contracts from companies from whom you are seeking work. Attempts to make you indemnify the entire project or insure the upstream party for its own acts.

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WILG president talks workplace injuries

Safety Services Company

This article was written by Safety Consultants with Safety Services Company , we provide Construction, Manufacturing, and General Industry Safety Programs to over 100,000 clients across the United States and Canada. WILG president talks workplace injuries. Why are people reluctant to report workplace injuries?

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