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“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Workers compensation insurance. This type of policy only applies if you have employees.
Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.
Professional liability insurance protects against claims related to professional negligence. Some other forms of insurance that are key for construction businesses include: Worker’s compensation General liability Builder’s risk Subcontractor Default Insurance Inland Marine. What is professional liability insurance?
Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. RSA 275:46. RSA 281-A:18.
If you haven’t revisited your cell phone and computer use policies recently—or don’t have any—below are some major issues to consider: Claims, claims, claims. More and more litigation (or arbitration) involves discovery of texts, emails and photographs for proving or disproving your claims. Let’s Talk about Sex(ting).
The Owner will be required to deliver such materials to the job site or compensate the Contractor for providing labor to deliver Owner-furnished materials to the job. Non-Discrimination. The Contractor shall not discriminate against any person because of race, sex, age, creed, color, disability, religion or national origin.
Historic Discrimination. The title is free and clear of any and all right, title, or interest of the ground lease holder, any lien of a creditor of the ground lease holder, and any person making claims in relation to the ground lease holder. House Bill 1077 (Ch. Senate Bill 806/House Bill 1182 (Chs. Home Builders.
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