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. Related: 9 Common Insurance Policies in Construction. Why a certificate of insurance matters.

Insurance 52

Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. In this article, we’ll explain additional insured endorsements, and how they work in construction. What is an additional insured?

Insurance 52

Insurance Liability Construction Contract 52

Levelset

APRIL 8, 2022

Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding homeowner insurance policies. Insuring agreement.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

APRIL 8, 2022

Restoration contractors often work on a property after damage from a storm, fire, or other natural disaster. On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding homeowner insurance policies. Insuring agreement.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

OCTOBER 20, 2022

This type of damage may leave electrical contractors unable to foot the bill. 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 52

Insurance Liability Electrical Accidents 52

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

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

NH Construction Law

SEPTEMBER 28, 2021

Sphere Drake Insurance, PLC , 202 F.3d 2000) (“We adhere to our view that one-sided agreements to arbitrate are not favored.”). June 5, 2014), a payment dispute between a subcontractor and contractor on a federal project. Some of them give just one of the parties an option to require arbitration. See DiMercurio v.

Agreement 40

Agreement New Hampshire Subcontracting United States 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

Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.

Insurance 54

Insurance Contractors Liability Injury 54

Construction Enquirer

JULY 5, 2023

Electricians are set for a 7% wage rise from 2024 after a new pay deal was hammered out by electrical contractors and union Unite under the JIB collective agreement. “This agreement gives us an opportunity to work with Unite on longer-term ambitions to update and modernise the industry to improve skills for a low carbon economy.”

Agreement 74

Agreement Electrical Deals Bargains 74

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. 3d 1, 12 (Tex.

Insurance 40

Insurance Liability Accidents Michigan 40

Construction Cost Estimating

AUGUST 7, 2020

Along these lines, you're forthright with your next concrete project and are searching for tips to select the best concrete contractor in your town. Also, as not all contractors are made equivalent you must limit your decisions to pick the best one. You can likewise request referrals.

Concrete 52

Concrete Contractors Insurance Agreement 52

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

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The construction manager was a joint venture between Perinit Building Company and Turner Construction Company (the “Contractor”). The Insurance Claim. In Perini/Tompkins Joint Venture v.

Insurance 59

Insurance Maryland Claims Construction 59

Levelset

JULY 21, 2022

In order to perform construction work, many states require contractors to be “licensed and bonded.” Well, every state sets its own rules for contractor licensing, and contractors often must purchase a surety bond in order to legally practice their trade. Learn more: The complete guide to contractor licensing state-by-state.

Contractors 52

Contractors Claims Oregon Residential 52

Viewpoint Construction Technology

MAY 15, 2018

These days, many contractors are faced with managing larger, more complex projects on a regular basis. Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Insurance and bonding requirements. Building codes.

Management 158

Management Regulation Construction Documentation 158

Construction Law

APRIL 2, 2024

Termination Spiking the guns of trigger-happy contractors Barrister Nick Kaplan of 3 Paper Buildings analyses a Technology and Construction Court decision in the first case where it considered whether a contractor had validly exercised a right to terminate under a JCT contract. Permission to appeal has already been granted.

Construction 52

Construction Liability Risk Contract 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. This case involved the restoration of an old building in New Orleans.

Louisiana 52

Louisiana AIA Insurance Contract 52

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

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. Sloan pg 17.

Agreement 57

Agreement Contract Insurance Construction 57

Levelset

APRIL 15, 2022

Mayer Building Company is a New Orleans-based general contractor that specializes in commercial construction and historic renovations. You’ll generally want to prequalify new general contractors before establishing a working relationship. Download Mayer Building Company’s sample subcontractor agreement. . Progress payments.

Resource 97

Resource Lien Documentation Change Orders 97

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. Indemnification clauses are arguably the most important part of an agreement when an accident or dispute arises on a project. Code § 2782; N.Y.

Liability 90

Liability Agreement Drafting Insurance 90

Job Order Contracting

SEPTEMBER 29, 2017

(c) “Job order” – a firm, fixed priced, lump-sum order issued by an organization to a job order contractor for a definite project scope of work as compiled from the unit price book to be performed pursuant to a job order contract. (d)

Organization 100

Organization Contract Liability Contractors 100

Construction and Infrastructure Law

FEBRUARY 6, 2018

The new law puts the onus on direct contractors to not only monitor their own payroll practices, but to ensure that their subcontractors and lower tier subcontractors are engaging in proper payroll practices. AB 1701 does not afford individual workers a direct right to sue contractors. Section 2810.3

California 49

California Contractors Liability Employment 49

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. Indemnification clauses are arguably the most important part of an agreement when an accident or dispute arises on a project. Code § 2782; N.Y.

Liability 52

Liability Agreement Drafting Insurance 52

Contractor Connection

JUNE 22, 2017

Having a clear, comprehensive contract with your general contractor is one of the most important aspects of a successful home remodeling or renovation project. A contract protects you, your budget, and your property, so make sure to consider the following as you negotiate your agreement: Licensing. Scheduling. Warranties.

Contract 72

Contract Remodeling Insurance Schedule 72

Construction Lawyer

FEBRUARY 28, 2014

281 Broadway Holdings, LLC , a subcontractor was forced to pay for the costs of defense of the owner and general contractor, even though the court found that the contractor was not at fault. The owner hired Pavarini as the general contractor. The owner and the general contractor filed cross-claims against SJ for indemnification.

Contract 40

Contract Contractors Insurance Accidents 40

Best Practices Construction Law

AUGUST 12, 2014

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.

AIA 54

AIA Documentation Design Agreement 54

NH Construction Law

JULY 22, 2023

Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. In Amerisure Insurance Co.

Subcontracting 40

Subcontracting Contract Contractors New Hampshire 40

Construction Law Monitor

OCTOBER 30, 2013

The Louisiana State Licensing Board for Contractors (LSLBC) is a very useful place for Louisiana contractors. I was recently reading up on the requirements for home improvement contractors. The LSLBC is a one stop shop for all things related to contractor licensing. It is a good place for both contractors and consumers.

Louisiana 51

Louisiana Contractors Lien Liability 51

Construction Law Monitor

MARCH 6, 2012

Just the other day here at Wolfe Law Group , I had to do so research for a client on the licensing rules for contractors. This got me thinking that many contractors and hiring parties do not necessarily know the rules that govern contractors of all types. Home Improvement Contractors ( La R.S. 37:2150 et seq. See La R.S.

Louisiana 68

Louisiana Contractors Certification Contract 68

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.

Cash Flow 168

Cash Flow Software Software Accounting 168

Pro Builder

AUGUST 5, 2022

Last year, members of Associated Builders and Contractors , a national trade association representing the nonunion construction industry, invested $1.6 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.

Safety 72

Safety Resource Injury Construction 72

Contractor Bookkeeping

JUNE 15, 2012

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs. Now that's stressful.

Contractors 48

Contractors Insurance Claims Lien 48

NH Construction Law

APRIL 26, 2020

Annex Construction, LLC , a federal appeals court affirmed summary judgment for a general contractor against a subcontractor in a case where each party had signed the other’s form. Just last week, in Skyrise Construction Group, LLC v. Annex never signed that revised version. Ultimately Annex decided to go with a different sub.

Contract 40

Contract Agreement Subcontracting Wisconsin 40