Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

Insurance 52

Insurance Certification Contractors Liability 52

Construction Marketing

JULY 11, 2022

If the principal’s bond application is approved, the surety company will require the principal to sign an indemnity agreement before it will issue the bond. The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Are Surety Bonds Insurance?

Contractors 156

Contractors Legal Bidding Contract 156

Levelset

APRIL 15, 2022

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.

Insurance 52

Insurance Contractors Lien Claims 52

NH Construction Law

NOVEMBER 30, 2020

Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. The Federal Arbitration Act instructs federal courts to enforce arbitration agreements according to their terms. Industrial Lumber Co. , Enterprises, Inc. , 3d 35, 36 (1st Cir. 873 F.Supp.2d

Claims 40

Claims Subcontracting United States Contract 40

Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

Insurance 54

Insurance Subcontracting Injury Construction 54

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?

Insurance 52

Insurance Liability Risk Materials 52

Constructlaw

FEBRUARY 7, 2023

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. The builder’s risk carriers — subrogated to the rights of the owner — then sued the prime contractor, its subcontractor, and sub-subcontractor for negligence.

Louisiana 52

Louisiana AIA Insurance Contract 52

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. Liquidating Agreement. Click here for Daniel S.

Agreement 57

Agreement Contract Insurance Construction 57

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Code § 2782; N.Y.

Liability 90

Liability Agreement Drafting Insurance 90

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Code § 2782; N.Y.

Liability 52

Liability Agreement Drafting Insurance 52

Levelset

JULY 21, 2022

A contractor bond is a three-party agreement. In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. The surety company is responsible for requesting reimbursement from the contractor after a claim payout has been made on the contractor’s behalf.

Contractors 52

Contractors Claims Oregon Residential 52

Fieldwire

AUGUST 14, 2023

The practice dates back to the 1840s, dreamed up as a measure to reduce the owner’s risk and ensure that the project is fully completed according to the job specifications. It is governed by the contract, which means it’s part of the agreement between two parties. Retainage is up for negotiation Retainage is not set in stone.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Constructlaw

DECEMBER 7, 2020

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings.

Claims 40

Claims Insurance Bankruptcy Legal 40

Construction Lawyer

APRIL 3, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Federal Court dismisses subs claim against GC because of arbitration provision. If the net recovery on the claims were to exceed $4.3

Claims 40

Claims Agreement Illinois Subcontracting 40

Construction Law Monitor

OCTOBER 19, 2011

Simply put, surety bonds are a three-party agreement, which consists of an obligee, principal and surety company. If the principal should default on the agreement in anyway, the surety agency is responsible for payment of financial damages. Surety bonds are another form of insurance.

Insurance 51

Insurance Compensation Claims Agreement 51

Building Information Management

DECEMBER 23, 2015

Agreement Application for Payment. Certificate of Insurance. General Contractor Claim Certification. Claim Certification. Submittal Schedule Summary of Builder’s Risk Insurance Policy. Advertisement for Bids. Authorization to Perform Work / Notice to Proceed (NTP). Certification. Change Order.

Contract 40

Contract Certification Documentation Bidding 40

NH Construction Law

AUGUST 21, 2022

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. In Arch Insurance Co. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. ” Id. and for final payment (see § 9.10.2). ” Motion Motors, Inc.

Liability 40

Liability Contract AIA Contractors 40

Green Building Law Update

DECEMBER 3, 2017

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. business seeking to mitigate the risk associated with data protection.

Green 120

Green Risk Claims Drafting 120

NH Construction Law

MAY 28, 2018

An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed. But hey, who ever said that general contracting was risk-free? If a sub won’t share its current financials, chances are they aren’t pretty.

Subcontracting 40

Subcontracting New Hampshire Lien Insurance 40

Construction Lawyer

DECEMBER 28, 2007

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Non-signatory bound by agreement to arbitrate. Normally, only a party to an agreement to arbitrate is bound by the arbitration provision.

Agreement 40

Agreement Illinois AIA Chicago 40

Construction Lawyer

OCTOBER 18, 2006

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Indemnity Agreement. Listed below are links to weblogs that reference Indemnity Agreement : Recent Posts. Banfield (No. Categories.

Agreement 40

Agreement Illinois AIA Chicago 40

Contractor Bookkeeping

JUNE 20, 2014

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. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Lawyer

APRIL 19, 2009

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. Economic Loss Doctrine bars Nevada claims against Architect. The laws of each state are different and each situation is unique. Categories.

Nevada 40

Nevada Claims Illinois AIA 40

Construction Marketing Ideas

MARCH 11, 2016

McNamara of Pillsbury Winthrop Shaw Pittman LLP , who discusses the distinctions between Subcontractor Default Insurance (SDI) and bonding and takes aim at a surety provider arguing against SDI. This allows the general contractor to make a claim and without interrupting the subcontractor’s work on the project. Fill out my.

Legal 48

Legal Consulting Subcontracting Industrial 48

Contractor Bookkeeping

JUNE 15, 2012

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. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JANUARY 2, 2015

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. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Construction 48

Construction Insurance Accounting Claims 48

Construction Lawyer

AUGUST 30, 2007

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. False Claims lands Engineer in jail. Listed below are links to weblogs that reference False Claims lands Engineer in jail : Recent Posts.

Claims 40

Claims Engineering Illinois AIA 40

Construction Lawyer

MAY 1, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. apply to any claim that is directed to arbitration by the court. apply to any claim that is directed to arbitration by the court.

Florida 40

Florida Illinois Claims AIA 40

Help Everybody Everyday

MARCH 6, 2009

Contracts are an agreement signed by your firm and a client that sets the rules for the work to be done. Attempts to make you indemnify the entire project or insure the upstream party for its own acts. Final payment as a waiver of all claims. Signing the contract is usually the final step in the selling process. Deal Breakers.

Contract 48

Contract Claims Legal Lien 48

cnstrctr

JANUARY 4, 2020

Contractors and owners are used to working under this type of agreement. Design Risk – if the contract documents aren’t perfect there’s an opportunity for the contractor to claim extras. As a former contractor a cost plus contract is really the holy grail of contract types with little risk!

Contract 88

Contract Construction Finance Documentation 88

Construction Lawyer

MARCH 27, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. He claimed that his work was "production only," which was essentially the function of a draftsman.  " 29 C.F.R.

Architecture 58

Architecture Illinois AIA Chicago 58

Construction Lawyer

MAY 4, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk.   This agreement did not provide for arbitration.    That customer service agreement included an arbitration clause. . 

Illinois 40

Illinois AIA Agreement Chicago 40

Construction Law Monitor

NOVEMBER 2, 2011

A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. There should be a clear provision in the contract outlining the process whereby CO’s are made and approved; Define change order – modification to work already contemplated by the agreement; (ie different materials).

Contract 56

Contract Change Orders Lien Contractors 56

Construction Lawyer

NOVEMBER 11, 2007

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. One of the new 2007 AIA documents is B103 -- Owner-Architect Agreement for a Large or Complex Project. Here it is: § 8.1.3 Here it is: § 8.1.3

Liability 40

Liability AIA Documentation Illinois 40

Construction Lawyer

MAY 2, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. In other words, you use the stuff we post here at your own risk. " The final paragraph, § 21.4,  governed situations where the subcontractor asserts claims against the owner or architect.

Contract 40

Contract Illinois Legal Construction 40