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

Levelset

SEPTEMBER 14, 2022

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

Insurance 98

Insurance Liability Claims Injury 98

Construction Business Owner

JUNE 21, 2016

There are numerous ways that contract parties can shift the risk of certain types of losses between each other. One approach is to require one party to list the other, protected party as an additional insured on its own purchased insurance policies, thereby giving the protected party direct access to insurance coverage.

Insurance 180

Insurance Liability Agreement Risk 180

Levelset

SEPTEMBER 23, 2022

Accidents happen, especially in construction. General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy? General liability insurance.

Insurance 52

Insurance Liability Accidents Risk 52

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

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

Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

Insurance 97

Insurance Contractors Construction Claims 97

Construction Business Owner

DECEMBER 14, 2012

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120

Liability Insurance NJ Contractors 120

Pro Builder

JUNE 17, 2021

Managing Rising Construction Costs: Insurance. Builders and remodelers carry insurance policies that cover risks for the project, and coinsurance clauses, which are in many policies, say the builder should maintain coverage up to a specific value. cbroderick. Thu, 06/17/2021 - 10:43.

Insurance 52

Insurance Management Remodeling Construction 52

Construction Dive

NOVEMBER 26, 2018

Every business, small or large, that embarks on a construction project needs builder's risk insurance because it typically covers things that property and liability policies don't, legal experts say.

Risk 106

Risk Liability Insurance Legal 106

Construction Business Owner

DECEMBER 20, 2020

How to Get Better Options in Today’s Hard Insurance Market. One thing underwriters have made abundantly clear during this challenging renewal environment is that simply blasting a submission to multiple insurance carriers to find competitive pricing, will not produce the effective results it may have in the past. Risk Management.

Insurance 156

Insurance Virgin Islands Puerto Rico Alabama 156

Construction Business Owner

OCTOBER 14, 2015

General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.

Insurance 120

Insurance Liability Risk Contract 120

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Construction Business Owner

NOVEMBER 21, 2014

Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.

Insurance 120

Insurance Liability Risk 120

Levelset

SEPTEMBER 13, 2022

The construction trade is full of potential pitfalls. 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? And what if the insurance won’t cover all or some of the costs?

Insurance 52

Insurance Claims Liability Accidents 52

Construction Business Owner

NOVEMBER 21, 2014

Business owners are concerned about the electronic frontier we now live in and the liabilities that we all face because of it. Cyber insurance aims to help mitigate losses from a wide variety of cyber and electronic intrusions, such as data breaches, business interruption and network damage caused by virus or malware.

Insurance 157

Insurance Liability Risk 157

Levelset

OCTOBER 20, 2022

At any given time, an electrician could be performing work on a construction project that involves high stakes. Scenarios like these stress the need for an electrician to have insurance coverage in place. Scenarios like these stress the need for an electrician to have insurance coverage in place.

Insurance 52

Insurance Liability Electrical Accidents 52

Levelset

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 52

Construction Law

APRIL 2, 2024

The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. Legislation state of play table Our regular update on the progress of regulations and legislation affecting construction and procurement compiled by Alignment Media.

Construction 52

Construction Liability Risk Contract 52

BD+C

SEPTEMBER 13, 2013

Worries about legal liability have long dogged the sustainable building movement, but insurance expert Karen Erger (Locton Companies) and attorney Eric Singer (Ice Miller LLP) say sustainability lawsuits are caused by the same types of issues that have always prompted clients to sue AEC firms. read more. "The

Liability 72

Liability Risk Insurance Green 72

Construction Business Owner

OCTOBER 26, 2012

You have probably been hearing more about the concept of cyber liability from your insurance broker. Your construction firm is not likely selling products or services over the Internet, so you may be wondering why you would need cyber liability insurance. Consider some examples from high-profiles companies.

Risk 190

Risk Liability Insurance Tennessee 190

Levelset

OCTOBER 13, 2022

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.

Insurance 52

Insurance Certification Contractors Liability 52

Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

Construction 52

Construction Legal Cash Flow Insurance 52

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? A cyber loss involving employee and customer information can affect any business, and your construction team is no exception. The growing number of cyber risks may feel daunting, but there are several ways to protect your business from these cybercrimes.

Risk 92

Risk Construction Security Bidding 92

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. A business policy covers many common hazards and perils you might face during the course of construction. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

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

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

Construction Law

MARCH 1, 2024

News Our regular news round up includes a call from insurance companies for pilot projects to find investment models for green infrastructure; failure of another legal challenge to the Stonehenge project; and a warning that the new Building Safety Regulator is looking for a high profile prosecution to make a point.

Insurance 40

Insurance Claims Safety Legal 40

ENR Construction

JUNE 21, 2022

An insurance executive, in a commentary, writes about how to avoid risks designers never intended to take.

Liability 66

Liability Insurance Risk Design 66

ENR Construction

APRIL 3, 2018

Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.

Liability 29

Liability Risk Insurance Consulting 29

Construction Law

FEBRUARY 2, 2024

Guest editor Delay without reasonable excuse and criminal liability Guest Editors Chris Bryden and Bartholomew Scholefield of 4 King’s Bench Walk warn that post Grenfell Improvement Notices to replace cladding should not be ignored, otherwise financial and criminal consequences may follow.

Construction 52

Construction Insurance Procurement Drafting 52

Contractor Bookkeeping

NOVEMBER 9, 2018

Content Specialist At Custom Contractors Insurance. As a matter of fact, contractors probably face more risks compared to regular employees, and they will always need construction contractors insurance to protect themselves. Let’s take a look at some of the risks contractors face while doing their job.

Risk 55

Risk Contractors Insurance Construction 55

Construction Business Owner

SEPTEMBER 27, 2013

One risk facing the construction industry is liability for defects in a company’s work.

Insurance 144

Insurance Liability Residential Commercial 144

Construction Marketing

SEPTEMBER 24, 2015

Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff.

Documentation 120

Documentation Insurance Legal Liability 120

NH Construction Law

AUGUST 21, 2022

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. In Arch Insurance Co. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. ” Id. But I think the answer to the question is yes.

Liability 40

Liability Contract AIA Contractors 40