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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

professionals

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Essential BIM Terminology

Viewpoint Construction Technology

Level 0 : Level 0 entails basically no collaboration, and only 2D CAD drafting is used. Level 1 : Level 1 BIM is a combination of 3D CAD and 2D for drafting. The project information model refers to the design and construction stage. It focuses on professional indemnity insurance issues. BIM Execution Plan. RAG Report.

BIM 174
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Supplier Vetting & Compliance

Safety Services Company

Insurance Certificates. Owner-clients will provide their insurance requirements. The prequalification firm will review your certificates of insurance according to the review requirements of the owner client. Check your potential consultant’s references and reputation. Marketing and enhanced exposure to owner clients.

Safety 48
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4 Practical Avetta FAQs for Suppliers

Safety Services Company

Supplier Insurance Verification. Insurance Management: Avetta ® collects, verifies, and provides your supplier insurance policy information – such as workers comp, general liability, automotive, transport, and more – to their clients so that they can make an informed hiring decision. References & Reputation.

FAQ 48
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35+ Product Updates for Autodesk Construction Cloud

Autodesk Construction Cloud

Share the schedule with field teams so they can comment on specific activities and link references to each activity item. References include photos, files, sheets, assets, and issues. RFIs | Enhanced References. Autodesk Build users can add additional references including submittals, forms, assets, and schedule items.

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Arbitration Update – The 2021 ICDR Arbitration Rules: A Welcome Update for International Construction Arbitration

Constructlaw

While thoughtful arbitration clause drafting should generally enable parties to avoid confusion over which set of the ICDR/AAA rules should apply, the ICDR’s clarification of the term ‘international’ refines what parties should expect. 8(1)(a)); (2) all of the claims/counterclaims arise out of the same arbitration agreement (Art.