Remove Claims Remove Insurance Remove Permits Remove Security
article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. As an alternative to surety bonds, some licensing agencies allow contractors to put up the entire bond amount as security. Are Surety Bonds Insurance? Surety bonds do not protect you against liability.

article thumbnail

Construction Site Theft: Impact and Prevention

Levelset

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Impact of construction site theft. Schedule delays. Eventually.

Site 52
professionals

Sign Up for our Newsletter

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

article thumbnail

The ECB to net £12MILLION insurance pay-out if England’s Test series against West Indies this summer is played behind closed doors or cancelled due to coronavirus pandemic

Construction Test

The ECB will gain an insurance pay-out worth around £12million if this summer’s Test series against West Indies, which will be postponed on Thursday, is rescheduled behind closed doors or even cancelled. Old Trafford is being considered to host the three-Test series if permitted by the Government.

article thumbnail

Green Building Data Risk as an Opportunity

Green Building Law Update

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. A claim pending against a major U.S.

Green 120
article thumbnail

New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

And arguably the new laws that were enacted were dwarfed, at least in the short and mid term by the impact on real estate of the federal Coronavirus Aid, Relief, and Economic Security Act , the Maryland Governor’s Executive Orders related to COVID-19 , and the COVID-19 Administrative Orders of the Maryland Court of Appeals.

Maryland 227
article thumbnail

International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

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.

Claims 40
article thumbnail

GIVEAWAY #5: AUTODESK SWAG PACK

Construction Junkie

By entering any contest, entrants agree to waive any and all claims against Contest Entities for personal injury, damage or loss of any kind which may result from participation in the Contest or from the receipt, enjoyment, ownership or use of any prize. Any Prize Winner shall sometimes be referred to hereinafter as the “Winner.”