article thumbnail

Can a Property Owner File a Claim Against the Contractor’s Insurance?

Levelset

In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. But who can actually file a claim against the contractor’s insurance? Can the property owner file a claim, or does the contractor need to submit it? Let’s take a look.

article thumbnail

What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

professionals

Sign Up for our Newsletter

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

article thumbnail

Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

article thumbnail

Construction Law: December 2023

Construction Law

The programme, called CRUX, is based on expert diagnosis of claims and disputes. Claims Building a case by extrapolation – should failure be the default? Presenting and proving a case before a tribunal on the basis of a sample should not be seen as novel, suspicious, or as requiring a special elevated standard of proof, he argues.

article thumbnail

Restoring Lives, Rebuilding Futures with Unmatched Dedication

Contractor Connection

As the foremost expert in managed repair , Contractor Connection collaborates closely with insurance industry partners, providing a wide spectrum of services, from day-to-day property claims to large loss and catastrophe services. This includes a thorough evaluation of proper licensing, insurance, and financial stability.

article thumbnail

#79:  Res Judicata and the Privity Element

NH Construction Law

How many bites at the apple is a litigant given to prove his claim? This principle finds expression in a legal doctrine called res judicata , also known as claim preclusion, which “prevents parties from relitigating matters actually litigated and matters that could have been litigated in the first action.”

Claims 40
article thumbnail

Contractor License Bonds: Everything You Need to Know

Levelset

In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. The surety company is responsible for requesting reimbursement from the contractor after a claim payout has been made on the contractor’s behalf. Obligees can file a claim for: Failing to pay licensing or other fees.