Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. This isn’t ethical, is it? Regards, Mr. Ethics

Risk 100

Risk Claims Insurance Liability 100

Mr Ethics

APRIL 23, 2014

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. This isn’t ethical, is it? Regards, Mr. Ethics'

Risk 100

Risk Claims Insurance Liability 100

Levelset

SEPTEMBER 6, 2022

An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.

Insurance 52

Insurance Liability Construction Contract 52

ENR Construction

JUNE 15, 2023

An insurer claims manager told a risk conference audience four years ago that “in case you’ve been on another planet, there have been hundreds of design-build lawsuits.”

Design 41

Design Insurance Conference Claims 41

Construction Law

DECEMBER 5, 2023

News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. The programme, called CRUX, is based on expert diagnosis of claims and disputes.

Construction 52

Construction Insurance Claims Procurement 52

Levelset

SEPTEMBER 8, 2022

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.

Liability 52

Liability Insurance Claims Legal 52

Viewpoint Construction Technology

JUNE 3, 2019

Conflicts and other project risks can delay work and negatively impact bottom lines. If you do a little digging, you may notice that many industries utilise development and maintenance processes that are often repetitive and standardised across the scope of their operations. This may work for them. Process Issues.

Risk 130

Risk Software Software Construction 130

Safety Services Company

AUGUST 21, 2020

The experience modification rate or EMR strongly impacts a large spectrum of industries. Insurance companies use the number to assess the cost of injuries and future risks. Across the board, the industry average for EMRs stands at 1.0. Your company has filed one or more workers’ compensation claims.

Insurance 62

Insurance Compensation Injury Claims 62

NH Construction Law

NOVEMBER 30, 2020

Industrial Lumber Co. , Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. ” This language can certainly be read as evidence of congressional intent that Miller Act claims not be arbitrable. United States ex rel. ” U.S.

Claims 40

Claims Subcontracting United States Contract 40

Construction Law

OCTOBER 3, 2022

Some interesting insights on the state of the industry and its contractual relationships emerge from the RIBA Construction Contracts and Law report (see News), the first since 2018. For a start, it confirms that for an industry supposedly striving to move towards a more collaborative future, there is clearly a lot to be done.

Industrial 52

Industrial Contract Consulting Negotiation 52

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.

Insurance 52

Insurance Liability Claims Contractors 52

Construction Law Monitor

JANUARY 12, 2012

More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. If you ever have a lawsuit filed against you put the insurer on notice immediately!

Insurance 64

Insurance Contractors Claims Legal 64

Construction Law

OCTOBER 3, 2023

News Our news round up highlights the Edinburgh Tram Inquiry report that lays bare procurement and procurement inadequacies; the Court of Appeal allows a challenge to Sizewell C to proceed; and Transport Scotland caves into industry pressure and will use NEC4 on the Tomatin to Moy section of the A9.

Procurement 52

Procurement Construction Insurance Legal 52

Levelset

NOVEMBER 10, 2022

Construction is a risky business by almost any measure: It not only has one of the highest business failure rates of any industry, but construction work also sits atop the list of the most dangerous jobs. In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. Common jobsite safety risks.

Safety 52

Safety Site Injury Construction 52

Safety Services Company

DECEMBER 1, 2020

Even one OSHA recordable can put a company’s TRIR above the industry average. Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. is considered the industry average. What is EMR?

OSHA 62

OSHA Accidents Injury Compensation 62

Safety Services Company

OCTOBER 9, 2017

Your EMR is the number insurance carriers look at when determining what you’ll pay for a Workers’ Compensation premium. It reflects your company’s past injury and illness incidents and lets the insurance carrier calculate future risk. depending on a variety of factors used to determine risk. How EMR Is Calculated.

Compensation 48

Compensation Insurance Injury Risk 48

Levelset

SEPTEMBER 22, 2022

In the construction industry, a lot can go wrong with the progress and completion of the structure itself. By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. of all deaths in the construction industry. . Electrocution.

Safety 52

Safety Injury Risk Construction 52

Constructlaw

DECEMBER 7, 2020

Mealey’s International Arbitration Report recently asked industry experts and leaders for their thoughts on what events had an impact on global economy that have led to an increase in filings. Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings. [Editor’s Note: Copyright # 2020, LexisNexis.

Claims 40

Claims Insurance Bankruptcy Legal 40

Contractor Magazine

SEPTEMBER 6, 2012

Home > Management > Best Practices > Limbach wins workers comp risk management award. Limbach wins workers comp risk management award. Limbach is an industry-leading provider of sustainable building solutions, focusing on innovative and cost-effective HVAC management. Advertisement. ); //. Comments 0.

Risk 54

Risk Management Compensation Contractors 54

Best Practices Construction Law

NOVEMBER 2, 2012

Over my legal career, I have handled a significant amount of workers' compensation disputes, representing injured employees, defending employers and insurance carriers, and even a few years working for an appellate judge that addressed workers' compensation appeals. The National Council on Compensation Insurance, Inc. Why the increase?

Compensation 48

Compensation Insurance Claims Employment 48

Autodesk Construction Cloud

FEBRUARY 25, 2022

For one thing, circumstances can change quickly in today’s uncertain construction industry. For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . EMR is a value calculated by insurance carriers and is an indication of Worker’s Compensation claims history.

Safety 94

Safety Debt Liability Equity 94

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. The construction industry has one of the highest rates of business failure.

Risk 52

Risk Cash Flow Construction Banking 52

Wolgast Corporation

JANUARY 12, 2023

Over the years, we have diversified from our original General Contracting service that started the company 75 years ago to better serve more industries in our market and also a variety of sizes and complexity of buildings. This is extra precaution for the client that their needs will be met with less risk.

Commercial 91

Commercial Construction Retail Michigan 91

Constructonomics

OCTOBER 3, 2010

New contractors have a lot of matters to anticipate when entering the construction industry for the first time. Being aware of bonding regulations within the construction industry can help a new contractor keep on track. Construction bonds work like other surety bonds, but they apply to stakeholders in the construction industry.

Contractors 140

Contractors Regulation Insurance Claims 140

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.

Legal 48

Legal Consulting Subcontracting Industrial 48

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Injury Contract 52

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Construction 52

Pro Builder

JULY 27, 2020

Construction is an industry where general contractors regularly hire third parties, or subcontractors, to do the bulk of the on-site work, so home builders sometimes are deemed the primary contractor. A discrimination claim could be more likely if an employee with the coronavirus charges that he or she felt stigmatized upon returning to work.

Legal 59

Legal OSHA Employment Liability 59

Pro Builder

SEPTEMBER 28, 2020

construction industry more complex than ever before. As a result of a reduced workforce, there is an increased risk that construction workers will be tasked with completing projects without the necessary support, with high potential for injury. Derek Jones. It’s no secret that the coronavirus pandemic has made the U.S. Transparency.

Safety 105

Safety Schedule Site Management 105

Construction Law Monitor

OCTOBER 19, 2011

Although they are a necessity for a wide-range of industries many still ask, what is a surety bond ? Surety bonds are another form of insurance. Although they both serve to protect parties in an agreement, there are several differences between surety bonds and insurance. Surety bonds protect the purchaser of the bond.

Insurance 51

Insurance Compensation Claims Agreement 51

DebunkTheBIM

DECEMBER 5, 2011

I believe that hands-on manipulating of project information by all project participants is the key to achieving any meaningful improvement of the AEC industry operating within the post-gambling-era. There is some advantage to working in a stale industry. Remember Archie? To BIM train or not to. BIM and corruption.

Industrial 48

Industrial BIM Modeling Risk 48

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. Pass Through Claims and Liquidation Agreements , Constr.

Agreement 57

Agreement Contract Insurance Construction 57

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The industry’s retainage practices throw another wrinkle into the process. But just because retention is commonplace doesn’t mean it’s always used fairly.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Lawyer

APRIL 3, 2012

In other words, you use the stuff we post here at your own risk. Federal Court dismisses subs claim against GC because of arbitration provision. Because LaSalle was not in privity of contract with USACE, LaSalle needed VETS to sponsor its claim against them. If the net recovery on the claims were to exceed $4.3

Claims 40

Claims Agreement Illinois Subcontracting 40

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Claims 40

Construction Test

MAY 7, 2020

The Armstrongs also had their accommodation rolled over to 2021 by the Royal Horseguards Hotel in London despite booking a non-changeable/non-refundable rate and their travel insurer, Covermore, postponed their policy to allow them to travel with insurance cover at a later date and no additional charge. What about travel insurance?

Travel 26

Travel Insurance Claims Airports 26

Contractor Bookkeeping

JUNE 20, 2014

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Insurance 48

Insurance Construction Accounting Claims 48