article thumbnail

Understanding Design Defect Legal Liability

Construction Business Owner

Design and construction services on projects are more integrated now than ever before. As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase.

Liability 207
article thumbnail

General Liability vs. Professional Liability: What’s the Difference?

Levelset

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

professionals

Sign Up for our Newsletter

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

article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

Insurance 156
article thumbnail

How Do You Find the Right Project Coverage?

Construction Business Owner

No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a total of 10 or more years.

Liability 240
article thumbnail

Precast cladding contractor goes into administration

Construction Enquirer

The firm has been in business since 1997 and specialises in the design, manufacture and installation of architectural precast facades. Recent major projects for major contractors include the City of London Academy, the Jersey International Finance Centre and One Capital Square, Cardiff.

article thumbnail

Factors to Know About Crane and Rigging Insurance

Construction Marketing

Crane and rigging insurance are policies designed to mitigate potential consequences to construction companies that own, operate, rent, set up, or move cranes. Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes.

Insurance 167
article thumbnail

Why It’s Time for Contractors to Adopt Collaborative BIM

Viewpoint Construction Technology

Many contractors have been using this 3D design method for years now to improve collaboration, often with impressive results for efficiency and ROI. In the 2016 report, construction companies indicated they were planning to implement Virtual Design & Construction (VDC) teams. What’s Holding Contractors Back?

BIM 163