article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. General liability insurance. For example, assume you paint residential structures of all types.

article thumbnail

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. History says, ‘see you later.’”. And in another blog post last month, I wrote, I Just Read my 1000 th Phase I Environmental Site Assessment this Year.

Liability 156
professionals

Sign Up for our Newsletter

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

article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. Having insurance and legal information is vital, as they protect the business against unforeseen events.

article thumbnail

SEC Climate Risk Rule is Transformative At a Cost

Green Building Law Update

Securities and Exchange Commission voted 3 to 1 to issue a long awaited proposed new rule to mandate climate risk disclosures by public companies and other businesses in their supply chains. Last Monday, the U.S. The rule, which SEC Chair Gary Gensler acknowledges is based on the U.K.

Risk 156
article thumbnail

Construction Law: March 2024

Construction Law

Defects The problem with RAAC: comparing liabilities, claims and remedies in Scotland and England Julie Scott-Gilroy of Morton Fraser MacRoberts LLP explains differences between how liabilities and claims and remedies relating to the use of RAAC differ between Scots law and the rest of the UK.

article thumbnail

Carpenter’s Insurance: Who Needs It & Why

Levelset

There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?

article thumbnail

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

Levelset

Contractor liability for property damage. General liability insurance helps limit the financial impact of those risks. Painting with a broad brush, general liability offers coverage against expenses caused by workplace accidents to anyone other than an employee or officer of the company (though policies may vary). None at all.