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

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

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

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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

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?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.

Insurance 40

Insurance Liability Accidents Michigan 40

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.

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Agreement Contract Insurance Construction 57

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

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

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

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

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

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., PSMJ Resources, Inc.

Insurance 43

Insurance Resource Agreement Architecture 43

Construction Lawyer

NOVEMBER 11, 2007

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Limitation of Liability in new AIA Document. One of the new 2007 AIA documents is B103 -- Owner-Architect Agreement for a Large or Complex Project.

Liability 40

Liability AIA Documentation Illinois 40

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

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

Construction Lawyer

MAY 20, 2009

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Liability for green design. Gary Cole has written an interesting blog entry about designers' liability for green projects here:  [link].

Liability 40

Liability Green Design Illinois 40

Construction Lawyer

MAY 30, 2012

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Unlimited liability for designers and contractors. This effectively wiped out the existing statute of repose and revived Sverdrups liability.

Liability 40

Liability Contractors Design Illinois 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 52

Liability Agreement Drafting Insurance 52

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

Construction Lawyer

DECEMBER 28, 2007

Sabo & Zahn LLC is an Illinois Limited Liability Company. 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. Normally, only a party to an agreement to arbitrate is bound by the arbitration provision.

Agreement 40

Agreement Illinois AIA Chicago 40

NH Construction Law

AUGUST 21, 2022

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. In Arch Insurance Co. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. But I think the answer to the question is yes. Berwick , 150 N.H.

Liability 40

Liability Contract AIA Contractors 40

Construction Lawyer

APRIL 20, 2006

Sabo & Zahn LLC is an Illinois Limited Liability Company. 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.

Insurance 40

Insurance Illinois AIA Chicago 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. What is an installation floater?

Insurance 52

Insurance Liability Risk Materials 52

Autodesk Construction Cloud

SEPTEMBER 1, 2022

The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved. A construction contract agreement gets everyone involved in a project on the same page. . They also include overhead costs such as insurance, mileage, a portion of your office rent.

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Contract Maine Construction Agreement 98

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

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

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

Construction Law

APRIL 2, 2024

CL guides Limitation on liability Our latest Construction Law Guides series article from Claire Turnbull of DLA Piper looks at limitations on liability. Limitation clauses are interpreted strictly, so clear and unambiguous language should be used where a party seeks to limit liability for losses that would otherwise be recoverable.

Construction 52

Construction Liability Risk 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

Job Order Contracting

FEBRUARY 20, 2023

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) “Coefficient” means a numerical factor that represents costs (generally indirect costs) not included in JOCPB unit prices (e.g., c) Authorization and limitations. (1)

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Contract Office Negotiation Documentation 264

Construction Lawyer

FEBRUARY 28, 2014

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. contracts insurance litigation' the General Contractor [Pavarini].

Contract 40

Contract Contractors Insurance Accidents 40

Construction Law Monitor

NOVEMBER 30, 2010

The terms of their agreement are the terms of their agreement, and courts are required to enforce them. Contractors and suppliers very frequently enter into complex and lengthy indemnification agreements, and this law will render some of these agreements null and void. That’s the general rule.

Louisiana 48

Louisiana Contract Agreement Construction 48

Construction Law Monitor

OCTOBER 30, 2013

The contractor who is applying for the Home Improvement license needs to provide general liability insurance and show that the contractor or the registering entity is registered with the Louisiana Department of Revenue. It is always smart to properly form an entity such as and Limited Liability Company (LLC) to protect personal assets.

Louisiana 51

Louisiana Contractors Lien Liability 51

NH Construction Law

DECEMBER 19, 2020

2002) (“Thus, the liability of a surety and its principal on a Miller Act payment bond is coextensive with the contractual liability of the principal only to the extent that it consistent with the rights and obligations created under the Miller Act.”). United States ex rel. Walton Technology v. Westar Engineering , 290 F.3d

Subcontracting 40

Subcontracting New Hampshire Liability Defense 40

Construction Lawyer

JUNE 8, 2005

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. " June 08, 2005 in insurance , litigation , news | Permalink. Unlimited liability for designers and contractors. Categories. arbitration.

Illinois 40

Illinois Construction Liability AIA 40

Construction Lawyer

DECEMBER 21, 2007

Sabo & Zahn LLC is an Illinois Limited Liability Company. You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. « Limitation of Liability in new AIA Document | Main. | Non-signatory bound by agreement to arbitrate » December 21, 2007.

Florida 40

Florida Texas Illinois AIA 40

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 Be absolutely certain that your contractor has the proper licensing to meet your citys requirements and any licensing required to do specialized work, such as electrical or plumbing.

Contract 40

Contract Remodeling Insurance Schedule 40