Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 52

Levelset

APRIL 28, 2022

While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC. Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults.

Insurance 52

Insurance Contractors Claims ABC 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 102

Risk Liability Insurance Legal 102

BD+C

JUNE 8, 2020

After offices and other places of business reopen following COVID-19 shutdowns , tenants and owners face increased legal liability, and property insurance plans may not cover this risk.

Liability 72

Liability Risk Office Insurance 72

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

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

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Construction Marketing

MARCH 2, 2023

You may wonder if you have legal recourse if you have been injured while working at a construction site. Help with negotiations This can be difficult, as insurance companies are often reluctant to pay large settlements. Workers’ compensation is a state-mandated insurance program that benefits workers injured on the job.

Injury 259

Injury Site Defense Compensation 259

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

FDR Safety

JULY 12, 2016

OSHA’s new, misguided requirement for detailed electronic reporting of injury and illness data by employers has come under legal challenge by a coalition of trade associations, employers and an insurance company. The post Legal challenge to injury and illness data reporting rule appeared first on FDRsafety.

Injury 120

Injury Legal OSHA Accidents 120

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 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

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

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

Viewpoint Construction Technology

JUNE 3, 2019

Conflicts and other project risks can delay work and negatively impact bottom lines. Technical and Legal and Compliance Issues. Sadly, technical, legal issues and compliance issues are the most serious of all construction disputes as these usually require intervention from arbitrators, regulatory agencies and legal experts.

Risk 130

Risk Software Software Construction 130

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.

Liability 72

Liability Risk Insurance Green 72

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

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? Truth be told, every industry involves risk. Whether the project involves a multi-million-dollar office building or a three-story apartment complex, there are several risks that need to be considered in order to ensure the success of any construction project.

Risk 62

Risk Management Construction Safety 62

Construction Marketing

JULY 11, 2022

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

Contractors 156

Contractors Legal Bidding Contract 156

Safety Services Company

OCTOBER 16, 2023

Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. In that case, the responsibility of dealing with workplace accidents or unsafe job sites will fall upon them, causing legal issues.

Management 115

Management Contractors Safety OSHA 115

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. Legal Documents. Business Plan.

Documentation 120

Documentation Insurance Legal Liability 120

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. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Construction Law

DECEMBER 5, 2023

News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. There are pitfalls for the unwary, he warns – and for the insurers as well.

Construction 52

Construction Insurance Claims Procurement 52

Job Order Contracting

FEBRUARY 24, 2018

Employee payroll taxes, insurance, and fringe benefits. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). Other risks of doing business (i.e. Subcontractors’ overhead and profit. All costs associated with bonding (specifically including bond premiums). Submittal preparation.

Overhead 100

Overhead Permits Insurance Contract 100

Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

Insurance 54

Insurance Subcontracting Injury Construction 54

Safety Services Company

FEBRUARY 13, 2024

Without completing it, you risk losing qualifications or compliance until it’s finished. Staying current through the annual update is essential for contractors to legally and safely conduct work on regulated properties and projects. To receive it, talk to your workers comp insurance carrier.

FAQ 79

FAQ Contractors Management OSHA 79

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. Legal terms explained Kyle Melville of Herbert Smith Freehills LLP explains what is meant by Scott Schedules. Guest editor Retentions – time to say goodbye?

Construction 52

Construction Liability Risk Contract 52

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. Following productive and co-operative engagement between the parties, settlement terms have been agreed with the vast majority of those affected without the need for a prolonged legal process. Lawyers for the BSR group took action against 22 firms in total.

Claims 131

Claims Profitability Maine Insurance 131

Construction Law

OCTOBER 3, 2023

Legal terms explained Our latest Legal Terms Explained series article from Georgia Di Salle of Herbert Smith Freehills LLP looks at Expert Evidence. Appeal court decision shows risks of bespoke contract terms Cheryl Ferguson of Dentons UK and Middle East LLP provides a round up of recent decisions relating to adjudication.

Procurement 52

Procurement Construction Insurance Legal 52

Pro Builder

JULY 27, 2020

What Are the Legal Safeguards for Getting Back to Work? As builders and trade contractors start to get back on track following the impact of COVID-19 and its restrictions, there are legal concerns to consider. Those answers will vary depending on the insurance plan. Mon, 07/27/2020 - 12:57. Mike Beirne, Senior Editor.

Legal 59

Legal OSHA Employment Liability 59

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.

Insurance 52

Insurance Liability Claims Contractors 52

Construction Law

FEBRUARY 2, 2024

Legal terms explained David Nitek and Noe Minamikata of Herbert Smith Freehills LLP explain what is meant by ‘hot-tubbing’. Insurance Contracts Works policies Insurance expert John D Wright of JD Risk Associates examines issues arising from Contracts Works Insurance policies.

Construction 52

Construction Insurance Procurement Drafting 52

Construction Law Monitor

JANUARY 12, 2012

More and more in my everyday practice I encounter issues with contractor general liability insurance (GL). Next, the most important and most often overlooked aspect is notifying the insurer when trouble starts. If you ever have a lawsuit filed against you put the insurer on notice immediately!

Insurance 64

Insurance Contractors Claims Legal 64

Safety Services Company

OCTOBER 6, 2023

Staying compliant, including meeting internal standards, is crucial for legal requirements and stakeholder trust. Mitigate Legal Risks and Encourage Adherence to Regulatory Requirements You are required to track multiple things to maintain compliance and save yourself from any legal issues.

Management 71

Management Contractors Legal Safety 71

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

Insurance 48

Insurance Liability Claims Electrical 48

Construction Law

DECEMBER 2, 2022

Eventually government will have to get involved in producing methods of measuring emissions that can stand up to intense scrutiny – which is increasingly to be expected from worried project funders and insurance companies. Those projects failing to meet these criteria may struggle to access financing.

Claims 52

Claims Risk Infrastructure Finance 52