article thumbnail

Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

article thumbnail

Pollution Legal Liability Insurance More Valuable as a Result of High Court Ruling

Green Building Law Update

Insurance companies cannot recover environmental cleanup costs paid to their insured under the federal Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, from another Potentially Responsible Party ( unless their insured had first pursued a separate claim to recover the cleanup costs from that PRP).

Insurance 120
professionals

Sign Up for our Newsletter

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

article thumbnail

Insurance expert: Managing green liability risk not so different from 'normal' risk mitigation

BD+C

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. "The

article thumbnail

The UK Sets the Scene for Mandatory ESG Laws in the Western World

Green Building Law Update

These new laws are the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and the Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022. the principal climate-related risks and opportunities arising in connection with the company’s operations, and.

article thumbnail

Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. A Good Safety Record Presents You as a Lower Risk Liability Contractors frequently operate in risky and hazardous environments. Your safety and compliance track record. Let’s look at why that is.

Safety 110
article thumbnail

Is Gravity Part of OSHA’s LOTO Regulation?

FDR Safety

In some cases OSHA is involved and in others, there is a civil suit alleging tort liability. Imagine being held to a legal liability for trying to foresee and manage every service or maintenance task where a falling part could injure a worker. Cases like this leave us asking “what can be done?”. Could a part that weighs 10 lb.

article thumbnail

Is Gravity Part of OSHA’s LOTO Regulation?

FDR Safety

In some cases OSHA is involved and in others, there is a civil suit alleging tort liability. Imagine being held to a legal liability for trying to foresee and manage every service or maintenance task where a falling part could injure a worker. Cases like this leave us asking “what can be done?”. Could a part that weighs 10 lb.