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Does GC Insurance Cover Subcontractors?

Levelset

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

The concept is not new, but nationally, residential PACE programs generally have been put on hold or foregone as a result of concerns of HUD and the Federal Home Loan Banks, that issued a directive in February 2011 to refrain from purchasing mortgage loans secured by properties with outstanding first lien PACE obligations.

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New York Home Improvement Contracts: What Residential Contractors Need to Include

Levelset

Any mechanics lien filed against your property may be discharged. Payment of the agreed-upon price under the home improvement contract prior to filing a mechanic’s lien may invalidate such lien. The owner may contact an attorney to determine his rights to discharge a mechanics lien.

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien. Hillside filed a counterclaim to foreclose its mechanics lien. mechanics liens.

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Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Unlimited liability for designers and contractors. The statute of repose (similar to a statute of limitations) expired by 1982, extinguishing any liability by Sverdrup. This effectively wiped out the existing statute of repose and revived Sverdrups liability.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

Finally, a payment bond guarantees that you will pay your subcontractors and suppliers for their work and helps to protect the project owner by preventing subcontractors and suppliers from filing mechanic’s liens against the property’s title. Are Surety Bonds Insurance? Surety bonds do not protect you against liability.

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Construction Estimating

Chianelli Estimating

They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc. Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead.