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

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

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

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. 9) Legality and Taxes. You can also hire a lawyer to help you out with other legal requirements such as service agreements. 13) Business insurance. Labor costs.

Insurance 295

Insurance Liability Legal Compensation 295

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

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

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 255

Injury Site Defense Compensation 255

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.”). A legal doctrine called “mutuality of obligation” – or in lay terms, if both sides are not bound, neither side is – comes into play here. 3d 71, 81 (1st Cir.

Agreement 40

Agreement New Hampshire Subcontracting United States 40

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.

Drafting 52

Drafting Insurance Construction Contract 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. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 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

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

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

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 90

Liability Agreement Drafting Insurance 90

Construction Marketing Ideas

MARCH 11, 2016

This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.

Legal 48

Legal Consulting Subcontracting Industrial 48

Construction Law

APRIL 2, 2024

Legal terms explained Kyle Melville of Herbert Smith Freehills LLP explains what is meant by Scott Schedules. Insurance Assessing the Design and Build Risk Our regular expert insurance market commentary from John D Wright of JD Risk Associates looks at the available design and build risk cover available.

Construction 52

Construction Liability Risk 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

Constructlaw

FEBRUARY 7, 2023

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. or other property insurance applicable to the Work, except such rights they have to proceeds of such insurance held by the Owner as fiduciary. Myers Construction Corp., 3d 500 (La.

Louisiana 52

Louisiana AIA Insurance Contract 52

Levelset

JUNE 13, 2022

The first of these additional requirements pertains to disclosures of insurance coverage. If the roofing contractor has employees, then they must carry worker’s compensation insurance covering all employees. On-demand legal help you can afford. Law §395-A. What needs to be included in a NY home improvement contract? Learn more.

New York 52

New York Contract Residential Contractors 52

Fieldwire

AUGUST 14, 2023

It is governed by the contract, which means it’s part of the agreement between two parties. Contractors often have to decide whether to file a lien or hope that their hiring party follows through on their agreement. If that contract is paid out over 10 progress payments, $1,000 would be held in retention from each one.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction Law

JANUARY 31, 2020

Society of Construction Law members can now have a unique 10% multi-year discount on subscriptions to the print version of Construction Law following an agreement between publishers Barrett Byrd Associates and the SCL.

Agreement 40

Agreement Insurance Contract Procurement 40

Constructlaw

DECEMBER 7, 2020

According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations. Many insureds, both in the United States and around the world, have policies which contain domestic or interna­tional arbitration provisions. The latter provide for arbi­tration in Bermuda, London, or elsewhere.

Claims 40

Claims Insurance Bankruptcy Legal 40

Construction Business Owner

AUGUST 18, 2011

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

Cash Flow 168

Cash Flow Software Software Accounting 168

Levelset

JUNE 29, 2022

The much bigger cause for financial concern is workers’ compensation insurance. Workers’ compensation insurance. Because construction is a dangerous industry, workers’ compensation insurance is expensive even without an OSHA violation on your record. Legal fees. On-demand legal help you can afford. Compliance cost.

OSHA 52

OSHA Inspections Construction Safety 52

Green Building Law Update

DECEMBER 3, 2017

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. establish requirements for a business after a data breach.

Green 120

Green Risk Claims Drafting 120

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 . The basic agreement has to be signed before any work can begin. . Architectural drawings. Work orders. Safety reports.

Documentation 98

Documentation Construction Schedule Permits 98

Construction Lawyer

DECEMBER 28, 2007

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Non-signatory bound by agreement to arbitrate. Hansen Beverage Co.,

Agreement 40

Agreement Illinois AIA Chicago 40

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

Constructlaw

AUGUST 3, 2023

Nevertheless, practitioners and parties who chose to seat their arbitrations within the Eleventh Circuit, will now have to grapple with a new legal environment and think strategically about how questions concerning vacatur will affect arbitration awards issued in the circuit. [1] Risk Insurers v. Risk Insurers , 141 F.3d

AIC 52

AIC New York Defense Agreement 52

Constructlaw

SEPTEMBER 10, 2020

Legal Notices/Contractual Issues: The pandemic exposes (no pun intended) contractors to new and different claims and disputes related to COVID-19 You must thoroughly review your contract to assure you provide timely notices of all time and cost impacts, and comply with all claim documentation requirements.

Industrial 52

Industrial Union Contract Claims 52

Construction Law Monitor

OCTOBER 19, 2011

There is a lot more involved in acquiring the appropriate permits, licensing and legal documents in order to be granted permission to start. Simply put, surety bonds are a three-party agreement, which consists of an obligee, principal and surety company. Surety bonds are another form of insurance.

Insurance 51

Insurance Compensation Claims Agreement 51

Construction Lawyer

OCTOBER 18, 2006

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Indemnity Agreement. So dont say we didnt warn you. Banfield (No.

Agreement 40

Agreement Illinois AIA Chicago 40

Lets Build

JUNE 6, 2017

Legal Risks. Hiring a strong legal team , if your budget allows it, should always be a priority. Make sure that you have all the necessary resources and legal documents. Insurance is the most common method of risk relocation. Find Here: Construction Disputes: What You Need To Know. Act Against Risk. Relocate the risk.

Risk 165

Risk Management Construction Legal 165

Construction Lawyer

APRIL 20, 2006

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. CGL policy -- conflict of interest between builder and insurer.

Insurance 40

Insurance Illinois AIA Chicago 40

Revit OpEd

DECEMBER 22, 2017

On December 15, 2017, Congressional Leaders announced that the conferees appointed by both the House and the Senate reached an agreement to reconcile differences between the House’s version of the Tax Cuts and Jobs Act (the “House Bill”) with the Senate’s version of the Tax Cuts and Jobs Act and unveiled the text of a final bill (the “Tax Bill”).

Employment 85

Employment Compensation Agreement Income 85

Building Radar

SEPTEMBER 9, 2024

A lump sum contract is a fixed-price agreement in which the contractor agrees to complete the project for a set price, regardless of actual costs. A unit price contract is an agreement where the contractor is paid for the actual quantities of work performed, rather than a lump sum. What is a ‘Lump Sum Contract’?

Drawings 52

Drawings Construction Lien Contract 52

Lets Build

MAY 18, 2017

Disputes over insurance agreements can be, for example, one of those reasons. One of the project parties may feel that it’s entitled to some compensation while the insurance company, or whoever is responsible for that may have a different opinion. The reasons for a contract dispute may vary each time. Judicial Appraisal.

Construction 165

Construction Life Cycle Contract Plans 165