Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. Accordingly, the joint venture could not claim reimbursement under the policies. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Insurance Claim.

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Insurance Maryland Claims Construction 59

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. Liquidating Agreement. Sloan pg 17. See Carl A.

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Agreement Contract Insurance Construction 57

Levelset

SEPTEMBER 23, 2022

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?

Insurance 52

Insurance Liability Accidents Risk 52

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

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

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Insurance Cash Flow Claims Contractors 52

Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.

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Insurance Contractors Liability Injury 56

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

Levelset

APRIL 28, 2022

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. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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Insurance Contractors Claims ABC 52

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

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.

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Insurance Liability Construction Contract 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.

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Insurance Certification Contractors Liability 52

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

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Insurance Liability Electrical Accidents 52

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs.

Insurance 52

Insurance Contractors Lien Claims 52

Levelset

MAY 16, 2022

The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. The contract should constitute the entire agreement between the parties, including attached copies of any required notices. Insurance coverage. Notice of right of rescission.

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Pennsylvania Residential Contractors Contract 98

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. Indemnification clauses are arguably the most important part of an agreement when an accident or dispute arises on a project. Code § 2782; N.Y.

Liability 69

Liability Agreement Drafting Insurance 69

NH Construction Law

NOVEMBER 30, 2020

Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. The Federal Arbitration Act instructs federal courts to enforce arbitration agreements according to their terms. Industrial Lumber Co. , Enterprises, Inc. , 3d 35, 36 (1st Cir. 873 F.Supp.2d

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Claims Subcontracting United States Contract 40

Construction Law Monitor

OCTOBER 19, 2011

Simply put, surety bonds are a three-party agreement, which consists of an obligee, principal and surety company. If the principal should default on the agreement in anyway, the surety agency is responsible for payment of financial damages. Surety bonds are another form of insurance.

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Insurance Compensation Claims Agreement 51

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” When the subcontractor installed the expansion joints in the steam boiler and related piping backwards, the heating system got damaged.

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Insurance Liability Accidents Michigan 40

Construction Lawyer

APRIL 3, 2012

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Federal Court dismisses subs claim against GC because of arbitration provision. Liquidation Agreement did not supercede agreement to arbitrate. If the net recovery on the claims were to exceed $4.3

Claims 40

Claims Agreement Illinois Subcontracting 40

Construction Lawyer

OCTOBER 18, 2006

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Indemnity Agreement. Listed below are links to weblogs that reference Indemnity Agreement : Recent Posts. AIA plans change to Statute of Limitations provisions » October 18, 2006. Banfield (No.

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Agreement Illinois AIA Chicago 40

Construction Lawyer

DECEMBER 28, 2007

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Non-signatory bound by agreement to arbitrate. 15, 2007), the court held that a non-signatory to a contract that contained an agreement to arbitrate could be bound by the arbitration requirement. Buy cialis.

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Agreement Illinois AIA Chicago 40

Levelset

OCTOBER 19, 2022

Cost-plus agreements raise the chance of default. These agreements are lawful, but may be detrimental to a lender’s bottom line. Under a cost-plus agreement, there is little control over spending during construction. This can drag out the schedule and delay payments, which increases the risk of a mechanics lien claim.

Contractors 98

Contractors Lien Finance Construction 98

Construction Law

JULY 1, 2024

News Our regular news round up includes a landmark Supreme Court judgment that will affect many major infrastructure projects; transparency concerns over the burgeoning use of framework agreements; and a council victory in a judicial review involving a private finance initiative roads project.

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Drafting Insurance Construction Contract 52

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. Indemnification clauses are arguably the most important part of an agreement when an accident or dispute arises on a project. Code § 2782; N.Y.

Liability 52

Liability Agreement Drafting Insurance 52

Fieldwire

AUGUST 14, 2023

It is governed by the contract, which means it’s part of the agreement between two parties. If they let the filing deadline lapse without filing a lien claim, lien rights may be lost forever. Contractors often have to decide whether to file a lien or hope that their hiring party follows through on their agreement.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Lawyer

APRIL 19, 2009

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Economic Loss Doctrine bars Nevada claims against Architect. Listed below are links to weblogs that reference Economic Loss Doctrine bars Nevada claims against Architect : Recent Posts. Categories.

Nevada 40

Nevada Claims Illinois AIA 40

Construction Lawyer

FEBRUARY 28, 2014

The owner and the general contractor filed cross-claims against SJ for indemnification. There was an indemnification provision in the contractor/subcontractor agreement that read as follows: A. Further, it is by no means certain that there will be insurance coverage for the architect or contractor who enters into such an agreement.

Contract 40

Contract Contractors Insurance Accidents 40

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?

Insurance 52

Insurance Liability Risk Materials 52

Construction Lawyer

AUGUST 30, 2007

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. False Claims lands Engineer in jail. Listed below are links to weblogs that reference False Claims lands Engineer in jail : Recent Posts. « Fiduciary duty of an architect | Main. | In United States v.

Claims 40

Claims Engineering Illinois AIA 40

Constructlaw

FEBRUARY 7, 2023

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. The contractor and subcontractors moved for summary judgment, asserting that the carriers’ claims were barred by the mutual waiver of subrogation contained in the prime contract.

Louisiana 52

Louisiana AIA Insurance Contract 52

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

Construction Lawyer

AUGUST 28, 2013

This law, Public Act 098-0548, codified at 735 ILCS 5/2-2301, applies to “personal injury, property damage, wrongful death, or tort action involving a claim for money damages.” Many construction cases involve either personal injury or property damage claims. insurance litigation news'

Illinois 40

Illinois Lien Claims Insurance 40

Autodesk Construction Cloud

JUNE 3, 2022

Certificates of insurance. 1: Construction Agreement. A construction agreement is a document that goes over the scope of work that is to be done on a construction project. Insurance . Claims processing. The basic agreement has to be signed before any work can begin. . Architectural drawings. Work orders.

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Documentation Construction Schedule Permits 98

Contractor Bookkeeping

JUNE 15, 2012

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

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Contractors Insurance Claims Lien 48

Construction and Infrastructure Law

FEBRUARY 6, 2018

AB 1701 “does not prohibit a direct contractor or subcontractor at any tier from establishing by contract or enforcing any otherwise lawful remedies against a subcontractor it hires for liability created…” Accordingly, direct contractors across California should take a closer look at the terms of their agreements with subcontractors.

California 49

California Contractors Liability Employment 49

Levelset

JULY 21, 2022

A contractor bond is a three-party agreement. In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. The surety company is responsible for requesting reimbursement from the contractor after a claim payout has been made on the contractor’s behalf.

Contractors 52

Contractors Claims Oregon Residential 52

Constructlaw

SEPTEMBER 10, 2020

It is easier to be successful in your claim if it is well-documented. You must understand what you can and cannot recover under your contract, and make sure you document your claims well and make all timely submissions. Due to the difficulty of meeting in person, we have seen many more disputes initially handled on paper submissions.

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Industrial Union Contract Claims 52