Levelset
SEPTEMBER 16, 2022
If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.
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. According to another, in the United States, there are presently more than 1,250 pandemic insurance litigations.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Construction Law Monitor
APRIL 15, 2015
A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., million because of claims from suppliers and subcontractors. Myth #5: Other Insurance Products Can Do the Job, Too. Washington, D.C.’s
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. The main advantage of such “trust fund” provisions is in bankruptcy; trust funds are not considered assets of the subcontractor/debtor that can be distributed to general creditors.
Construction Law Monitor
APRIL 15, 2015
A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., million because of claims from suppliers and subcontractors. Myth #5: Other Insurance Products Can Do the Job, Too. Washington, D.C.’s
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.
Construction Lawyer
APRIL 30, 2012
Trystate claimed that there was an unpaid balance of some $250,000 for both buildings. Chapeau filed bankruptcy. Later, Trystate commenced a mechanics lien action, seeking to be paid its claims. Trystate was hired by Chapeau as a subcontractor for the system on two buildings. Subscribe to this blogs feed.
Expert insights. Personalized for you.
52 
Let's personalize your content