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General Liability vs. Professional Liability: What’s the Difference?

Levelset

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. General liability insurance.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Umbrella or excess insurance : The standard level of GL in a business owner’s policy may not be enough to meet a job’s contractual requirements — in which case you may want to look at an umbrella or excess liability policy that may extend your coverage for larger claims. GL helps pay medical costs and defense costs if a lawsuit arises.

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Which Insurance Carrier Is Responsible for Damages on a Construction Project? Depends.

Best Practices Construction Law

general liability, builder’s risk, workers’ compensation, professional liability) over different periods of time, there may be a dispute as to which carrier covers the loss. In this case, Insurance Company #1 participated in the defense of the electrical subcontractor and ultimately paid to settle the dispute. So What?

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Construction Legislation Now Pending in Washington

Construction Law Monitor

Here is a summary of some of the other pending legislation: House Bill 1531 (Adjusting the minimum wage rate based on changes in consumer pricing). House Bill 1532 (Creating a good faith defense for certain minimum wage and overtime compensation complaints). Athletic Field construction lien case. Introduced by Rep.

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Construction Arbitration

Constructlaw

Parties should understand the key concepts and common types of claims when deciding whether to arbitrate disputes involving construction contracts. Many construction disputes involve aspects that may make them challenging to litigate before US or foreign courts, including: Many individual claims. Numerous individual claims.

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Bad Bookkeepers Train Their Boss Like Organ Grinders Train Monkeys!

Contractor Bookkeeping

Not all in house construction bookkeepers are rotten. In defense of the construction company owner it is tough to run a construction company second only to a restaurant because in construction they produce reasons or results and reasons don't count. It Was Started At 03:00AM As I Reflected On Bad Bookkeepers Who.

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Pennsylvania Home Improvement Consumer Protection Act: What Residential Contractors Need to Know

Levelset

Well, the term home improvement is defined in the Act: “[Home improvement] includes all of the following done in connection with land or a portion of the land adjacent to a private residence or a building or a portion of the building which is used or designed to be used as a private residence for which the total cash price of all work agreed (..)