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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

General Liability Insurance. This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. General liability also protects businesses if they cause damage to a customer’s property or if any product installations go awry, like faulty plumbing that causes leaking.

Insurance 156
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Phase l Environmental Site Assessment Standard Being Revised

Green Building Law Update

million commercial and industrial real estate transactions in the United States each year, so you need to be aware of the revised standard expected to be issued later this year. 9601) and petroleum products.” 9601) and petroleum products.” Importantly, the ASTM E1527 is recognized by the U.S.

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HRECs in a Phase l are Not Recognized Environmental Conditions

Green Building Law Update

By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. That is, a Phase l constitutes all appropriate inquiries into the previous ownership and uses of the property as defined in the EPA issued rule.

Liability 156
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PFAS in a Phase I Environmental Site Assessment?

Green Building Law Update

The question de riguer in commercial real estate transactions is if PFAS is included in a Phase I Environmental Site Assessment? 9601) and petroleum products.”. The term “recognized environmental conditions means the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property.”. “.

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Updated Phase l Environmental Site Assessment is Published But.

Green Building Law Update

9601) and petroleum products.”. Environmental Protection Agency as satisfying its All Appropriate Inquiry rule to obtain protections from liability under CERCLA, the federal Superfund law, something that is expected to happen by rulemaking at some point in 2022. But importantly, the new ASTM E1527-21 is Not yet recognized by the U.S.

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COVID 19 Commercial Building Liability

Green Building Law Update

With all 50 states now in some stage of reopening from coronavirus pandemic closures, many commercial real estate owners are questioning if they can be liable for damages when someone, whether an employee of the business tenant or someone else, claims to have contracted COVID-19 at their building.

Liability 177
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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .