Agreement Insurance Risk Subcontracting 
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.
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. ,
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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?
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.
NH Construction Law
MAY 28, 2018
Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)
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.
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. million,” id. and for final payment (see § 9.10.2).
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