Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Contractor did not notify the insurance carrier of the dispute prior to settlement.

Insurance 59

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. Lawyer, Oct.

Agreement 57

Agreement Contract Insurance Construction 57

Construction Marketing

JULY 21, 2016

Bylaws and operating agreements. Business contracts and agreements. Financial matters (bank accounts, taxation, insurance, collections). Business licenses or permits. Marketing, advertising, and social media. Protecting data and intellectual property. Corporate record-keeping and compliance.

Legal 120

Legal Resource Agreement Employment 120

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.

Insurance 59

Insurance Contractors Liability Injury 59

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

Construction Marketing

JANUARY 19, 2022

Insurance: It’s also crucial to ask your prospective contractor if they carry insurance coverage that protects you from their misconduct, accidents, and agreement errors. . For instance, you can ask them how long they’ve been in business. The more experienced they are, the more you can get a favorable outcome.

Contractors 240

Contractors Insurance Certification Deals 240

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?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Construction Marketing

MAY 19, 2021

Have a safety standards terms of the agreement (TOA). This information should be included in a terms-of-agreement document signed by all workers. As an employer, you should stick to these guidelines as they keep your workers safe and insure you from hefty fines in natural accidents. For instance, the U.S.

Safety 174

Safety Construction Guidelines Employment 174

Mr Ethics

AUGUST 24, 2016

If you are performing services on a project and the code requires you to admit to any errors or work defects performed by you; you could run afoul of your professional liability insurance policy. Insurance carriers want to know where claims may come from before you admit to any liability. Regards, Mr. Ethics.

Liability 100

Liability Insurance Agreement Claims 100

Mr Ethics

AUGUST 24, 2016

If you are performing services on a project and the code requires you to admit to any errors or work defects performed by you; you could run afoul of your professional liability insurance policy. Insurance carriers want to know where claims may come from before you admit to any liability. Regards, Mr. Ethics.

Liability 100

Liability Insurance Agreement Claims 100

Mr Ethics

AUGUST 24, 2016

If you are performing services on a project and the code requires you to admit to any errors or work defects performed by you; you could run afoul of your professional liability insurance policy. Insurance carriers want to know where claims may come from before you admit to any liability. Regards, Mr. Ethics.

Liability 100

Liability Insurance Agreement Claims 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

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

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

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

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 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.

Insurance 52

Insurance Contractors Claims ABC 52

PSMJ Resources

AUGUST 3, 2011

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., Wednesday, August 3, 2011.

Insurance 43

Insurance Resource Agreement Liability 43

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.

Insurance 52

Insurance Liability Electrical Accidents 52

Construction Marketing

JULY 11, 2022

If the principal’s bond application is approved, the surety company will require the principal to sign an indemnity agreement before it will issue the bond. The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Are Surety Bonds Insurance?

Contractors 156

Contractors Legal Bidding Contract 156

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

Contractor Connection

FEBRUARY 2, 2025

In the simplest terms, a commercial MRP is a nationwide network of contractors specializing in managed insurance claim repairs, providing simplicity and strong accountability for all parties involved. This formal partnership also handles disputes over performance, such as work quality or timeliness, through clear contractual agreements.

Commercial 52

Commercial Claims Management Insurance 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.

Pennsylvania 98

Pennsylvania Residential Contractors Contract 98

NH Construction Law

SEPTEMBER 28, 2021

Sphere Drake Insurance, PLC , 202 F.3d 2000) (“We adhere to our view that one-sided agreements to arbitrate are not favored.”). Because arbitration agreements do not specify the remedy for a breach of contract but only the forum in which the remedy will be determined, this precedent may not be conclusive. 311 F.Supp.3d

Agreement 40

Agreement New Hampshire Subcontracting United States 40

Best Practices Construction Law

AUGUST 12, 2014

An AIA press release highlights the array of how AIA agreements seek to accommodate the various ways in which design build projects are delivered. The key document is, of course, the agreement between the Owner and the Design-Builder. For example, the 2014 Exhibit A is an insurance and bonds exhibit. Additional Changes.

AIA 54

AIA Documentation Design Agreement 54

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. « Be careful on construction sites, especially when using a cell phone! Banfield (No.

Agreement 40

Agreement Illinois AIA Chicago 40

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

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.

Insurance 40

Insurance Liability Accidents Michigan 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.

Agreement 40

Agreement Illinois AIA Chicago 40

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. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Construction Enquirer

JULY 5, 2023

Electricians are set for a 7% wage rise from 2024 after a new pay deal was hammered out by electrical contractors and union Unite under the JIB collective agreement. “This agreement gives us an opportunity to work with Unite on longer-term ambitions to update and modernise the industry to improve skills for a low carbon economy.”

Agreement 74

Agreement Electrical Deals Bargains 74

Construction Lawyer

APRIL 20, 2006

You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. CGL policy -- conflict of interest between builder and insurer. In the recent Illinois opinion in American Family Mutual Insurance v. April 20, 2006 in insurance , litigation | Permalink. Categories.

Insurance 40

Insurance Illinois AIA Chicago 40

Job Order Contracting

SEPTEMBER 29, 2017

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) j) “Project labor agreement” – an agreement that meets the requirements of applicable regulations. (k)

Organization 100

Organization Contract Liability Contractors 100

Contractor Connection

JUNE 22, 2017

A contract protects you, your budget, and your property, so make sure to consider the following as you negotiate your agreement: Licensing. While the contractor’s proof of insurance documents may not be attached to the contract itself, you can request that his or her insurance details are stated in the contract.

Contract 74

Contract Remodeling Insurance Schedule 74

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. Lack of insurance coverage. In many circumstances, this reduces the turnaround time to 24 hours.

Contractors 98

Contractors Lien Finance Construction 98

Levelset

APRIL 15, 2022

Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. Before you begin to work on a project, MBC will require you to provide the following documentation: Executed subcontractor agreement Certificates of insurance Submittals W-9.

Resource 97

Resource Lien Documentation Change Orders 97