article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. This protection is an essential part of any construction project as it will cover mistakes made during design or value engineering on-site modifications. Workers’ Compensation Insurance.

Insurance 156
article thumbnail

Five Questions to Answer Before Submitting a Claim for Increased Material Costs

Best Practices Construction Law

Not that I treat every marital conversation like a construction claim, but I do find myself grilling my wife about these increased costs and whether they are justified. Contractors should be concerned about the same level of grilling (or review) when submitting a claim. Image: Beverly Cromer.

Claims 72
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Slow as a Turtle? “No Damages For Delay” Clause Inapplicable to Contractor’s Claim Against Architect

Best Practices Construction Law

When the construction project was delayed, the general contractor filed suit against the numerous designers, architects, engineers and subconsultants. The clause read as follows: No claim for damages or any claim, other than for an extension of time, shall be made or asserted against City by reason of any delays except as provided herein.

Claims 54
article thumbnail

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. What are general liability and professional liability insurance?

article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

A plumbing contractor’s insurance policy covers claims for property damage, but it may also help defend against lawsuits resulting from a work-related incident. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . How do I get plumbing insurance?

article thumbnail

What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Lowering your EMR is important, as you can greatly reduce the amount you pay for workers’ compensation coverage. Your company has filed one or more workers’ compensation claims. When figuring the EMR, insurance analysts review the claims history of companies in specific industries. Major Points to Consider.

article thumbnail

Landmark Contractor Licensing Case Limits Disgorgement Remedy in California

Construction and Infrastructure Law

Labor Code §§ 1020-1022), and the inability to maintain a lawsuit to recover compensation for their work. Contractors who perform work in California without being properly licensed are subject to a world of hurt, including civil and criminal penalties ( see, e.g., Cal. & Prof. Code §§ 7028, 7028.6, 7117, and Cal. Bus & Prof.