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Additional Insured Endorsements & How They Work in Construction

Levelset

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. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.

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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. In Arch Insurance Co. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. and for final payment (see § 9.10.2). Berwick , 150 N.H.

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What Is an Installation Floater?

Levelset

” 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. What is an installation floater?

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#96:  Payment Bond Sureties and "Pay-if-Paid" Subcontracts

NH Construction Law

2002) (“Thus, the liability of a surety and its principal on a Miller Act payment bond is coextensive with the contractual liability of the principal only to the extent that it consistent with the rights and obligations created under the Miller Act.”). United States ex rel. Walton Technology v. Westar Engineering , 290 F.3d

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Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. All references to "Sabo & Zahn" refer to Sabo & Zahn LLC. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Unlimited liability for designers and contractors.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. May also be called pricing.