Levelset

APRIL 28, 2022

While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC. Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults.

Insurance 52

Insurance Contractors Claims ABC 52

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

APRIL 8, 2022

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 a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Construction Marketing

MARCH 2, 2023

Help with negotiations This can be difficult, as insurance companies are often reluctant to pay large settlements. An experienced attorney will know how to negotiate with insurance companies and fight for the best possible settlement for you. Not getting a written fee agreement from the lawyer you hire.

Injury 259

Injury Site Defense Compensation 259

Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect their companies. SVP Risk Services Division. PB: What should cyber risk training cover?

Risk 98

Risk Defense Organization Insurance 98

Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. SVP Risk Services Division. PB: What should cyber risk training cover?

Risk 97

Risk Defense Organization Insurance 97

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 Law

APRIL 2, 2024

The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. Termination Termination: fortune may favour the brave (and well-prepared) Termination of contracts is on the rise, even though it is still regarded as a last resort, one that carries risks.

Construction 52

Construction Liability Risk Contract 52

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

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. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 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

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

Construction Marketing

MAY 19, 2021

Before starting a construction project , you should train workers operating in medium and high-risk areas on safety measures and standards. Have a safety standards terms of the agreement (TOA). This information should be included in a terms-of-agreement document signed by all workers. For instance, the U.S.

Construction 175

Construction Safety Guidelines Employment 175

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

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

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

PSMJ Resources

AUGUST 3, 2011

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/Es Risk and Practice Management. This agreement is an unprecedented exchange, which comes at a time of unprecedented change, to further our clients’ efforts to not only protect their firms, but help them thrive. PSMJ Resources, Inc.

Insurance 43

Insurance Resource Agreement Liability 43

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

ENR Construction

AUGUST 16, 2017

In revising its standard form agreements, AIA calls out as optional additional coverage that could be added to builders' risk policies.

AIA 29

AIA Insurance Agreement Contract 29

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

Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings. According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations. According to one study, there are presently more than 5,300 pandemic-related filings in the United States.

Claims 40

Claims Insurance Bankruptcy Legal 40

Construction Lawyer

MAY 13, 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. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link].

Risk 40

Risk Design Illinois AIA 40

Construction Test

MAY 6, 2020

Even if it’s something as simple as seasickness, see your ship’s medico straight away, if a charge is involved your travel insurance might cover the cost of your treatment. As soon as possible, contact your travel insurer, tell them where you are and what’s happening. That’s what travel insurance is for.

Travel 26

Travel Insurance Agreement Risk 26

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

Constructlaw

AUGUST 3, 2023

Risk Insurers v. Risk Insurers , 141 F.3d 7] Further, Article V(2) of the New York Convention provides that recognition and enforcement may also be refused if (a) “[t]he subject matter of the difference is not capable of settlement by arbitration under the law of that country” and for (b) public policy reasons. [8]

AIC 52

AIC New York Defense Agreement 52

NH Construction Law

NOVEMBER 30, 2020

The Federal Arbitration Act instructs federal courts to enforce arbitration agreements according to their terms. An arbitration agreement is the quintessential “waiver of the right to bring a civil action,” and when contained in a signed subcontract it will necessarily be executed before labor or materials are furnished.

Claims 40

Claims Subcontracting United States Contract 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

Levelset

JUNE 29, 2022

This standard ( 1926.100 ) requires all employees to wear head protection anytime there is a risk of head injury from “impact, or from falling or flying objects, or from electrical shock and burns.” If you haven’t guessed by now, OSHA inspectors pay close attention when employees are at risk of falling. Workers’ compensation insurance.

OSHA 52

OSHA Inspections Construction Safety 52

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

Lets Build

JUNE 6, 2017

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

Risk 165

Risk Management Construction Legal 165

NH Construction Law

AUGUST 21, 2022

In Arch Insurance Co. “In interpreting a multiple-document agreement, we seek to harmonize and give effect to the provisions of the various documents so that none will be rendered meaningless.” Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. ” Id. and for final payment (see § 9.10.2). Berwick , 150 N.H.

Liability 40

Liability Contract AIA Contractors 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

Building Information Management

DECEMBER 23, 2015

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

Contract 40

Contract Certification Documentation Bidding 40

Levelset

JULY 21, 2022

A contractor bond is a three-party agreement. However, surety companies evaluate each state’s requirements individually so rates for similar limits in other states may be different should there be a greater risk present. When the project is completed successfully, the bond expires. What does a contractor license bond cover?

Contractors 52

Contractors Claims Oregon Residential 52

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

APRIL 20, 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. CGL policy -- conflict of interest between builder and insurer. In the recent Illinois opinion in American Family Mutual Insurance v.

Insurance 40

Insurance Illinois AIA Chicago 40