Levelset

SEPTEMBER 13, 2022

In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. But who can actually file a claim against the contractor’s insurance? Can the property owner file a claim, or does the contractor need to submit it? Let’s take a look.

Insurance 52

Insurance Claims Liability Accidents 52

Construction Marketing

JANUARY 6, 2023

This means that should your security staff be running errands on-site or off-site, they will likely miss any security events detected on your security camera systems, making them less likely to spot and resolve a security threat in time. You can implement RFID tracking to make the equipment logging process more accurate and efficient.

Security 291

Security Site Mobility Construction 291

Construction Marketing

SEPTEMBER 24, 2015

Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Business Plan. Final Thoughts.

Documentation 120

Documentation Insurance Legal Liability 120

Levelset

SEPTEMBER 23, 2022

Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy?

Insurance 52

Insurance Liability Accidents Risk 52

Levelset

SEPTEMBER 2, 2022

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.

Insurance 52

Insurance Liability Claims Injury 52

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 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

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

Construction Law

APRIL 1, 2025

Only claims against bodies subject to a relevant liability will succeed, the TCC has ruled. Insurance Good faith in insurance contracts Insurance expert John D Wright explains how the obligation to act in good faith works in insurance law.

Drafting 40

Drafting Insurance Construction Liability 40

Construction Law Monitor

AUGUST 27, 2012

With these type of events come an aftermath where property owners and contractors are left scrambling to put the pieces back together. The best way to quell the negative effects of an event like this is to be prepared. Undoubtedly, there will be those who need to make property damage claims.

Louisiana 62

Louisiana Insurance Claims Deals 62

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

Construction Law

MARCH 4, 2025

News Our regular news round up looks at a report predicting a rise in cladding related professional indemnity policy claims; a rise in PFI handback condition disputes; and major Heathrow Airport investment plans. Some risks are already uninsurable, he warns.

Construction 40

Construction Procurement Legal Insurance 40

Best Practices Construction Law

NOVEMBER 4, 2015

When dealing with construction claims—whether one for construction defects, outstanding payment, or delay damages—an initial hurdle is making sure that proper notice has been given. Recently, a court in New York held that notice to an insurance broker was not the same as the contractually required notice to the insurance carrier.

Claims 48

Claims Change Orders Legal Schedule 48

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

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

Green Building Law Update

JULY 24, 2016

Under this July 19, 2014 guidance in the event of a default on a residential property PACE loan, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens. The guidance describes it as, the property may only become subject to an enforceable claim (i.e.,

Finance 120

Finance Lien Residential Commercial 120

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.

Insurance 52

Insurance Liability Claims Contractors 52

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 52

Safety Services Company

SEPTEMBER 29, 2020

Reaching a level of compliance in any Contractor Management Account requires commitment, attention to detail and some expert knowledge of safety and insurance requirements. Some third-party auditors such as Avetta® claim that companies who have leveraged their platform have lowered their incident rate on average by as much as 54%.

Accounting 62

Accounting Management Contractors Safety 62

Construction Business Owner

FEBRUARY 6, 2012

INSURANCE |. Just like we expect our smart phones to alert us of daily events and provide us with apps that are easily accessible, contractors are expecting more from their machines and software. The automated engine shutdown feature claims to provide up to 30 percent in fuel savings. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Accounting 120

Construction Law

MARCH 1, 2024

News Our regular news round up includes a call from insurance companies for pilot projects to find investment models for green infrastructure; failure of another legal challenge to the Stonehenge project; and a warning that the new Building Safety Regulator is looking for a high profile prosecution to make a point.

Insurance 40

Insurance Claims Safety Legal 40

Levelset

JULY 21, 2022

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. Note: These scenarios don’t always lead to a claim.

Contractors 52

Contractors Claims Oregon Residential 52

Constructlaw

DECEMBER 7, 2020

Mealey’s International Arbitration Report recently asked industry experts and leaders for their thoughts on what events had an impact on global economy that have led to an increase in filings. Mealey’s: What, if any, events had an impact on the global economy that have led to increased filings? All rights reserved.].

Claims 40

Claims Insurance Bankruptcy Legal 40

Safety Services Company

OCTOBER 10, 2012

These changes caused employers and their insurers (both liability and property/casualty) to start fighting with one another, because the employer was now exposed to even greater liability within the civil setting. By trying to make the state more business friendly, the Legislature created even more uncertainty.

Injury 55

Injury Compensation Insurance Employment 55

Construction Law

OCTOBER 3, 2023

Philip Bambagioti of 3PB examines the potentially fatal consequences of failure to build to prevent black mould forming in the event of water ingress. Insurance Damage by Ground Movement Insurance expert John D Wright of JD Risk Associates examines the issues surrounding damage to property caused by ground movement.

Procurement 52

Procurement Construction Insurance Legal 52

NH Construction Law

APRIL 24, 2019

In this respect it is unlike the statute of limitations, RSA 508:4 , whose three-year clock does not start ticking until the claim “accrues” -- which may be more than three years after the breach of duty occurs if the breach and resulting injury were neither discovered nor reasonably discoverable until later. 341, 347 (1987).

Claims 40

Claims New Hampshire Injury Inspections 40

Construction Law Monitor

APRIL 15, 2015

Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., million because of claims from suppliers and subcontractors. For example, between 2002 and 2013, sureties have covered more than $13 billion in claims, which do not include additional claim expenses that also go in the billions.

Insurance 40

Insurance Bankruptcy Contract Claims 40

ENR Construction

JULY 22, 2012

Avoiding Claims and Lawsuits The benefits are obvious. Perhaps claims and lawsuits could be avoided. Keywords: Scheduling ; Delays ; Claims ; Critical Path ; PKR Consulting ; Rossetti. -- Advertising --. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? contact us.

Schedule 52

Schedule Viewpoint Conference Claims 52

Construction Law Monitor

NOVEMBER 6, 2015

In the event a government project goes sour, contractors and materials suppliers must turn to the Miller Act , or its parallel state legislation, as a remedy. How do you file a Miller Act Claim? If you are a subcontractor or material supplier, the process of filing a Miller Act claim is relatively straightforward.

Lien 40

Lien Claims Materials Contractors 40

Construction Law Monitor

APRIL 15, 2015

Currently, the company that provided bonding to Truland, XL Specialty Insurance Co., million because of claims from suppliers and subcontractors. For example, between 2002 and 2013, sureties have covered more than $13 billion in claims, which do not include additional claim expenses that also go in the billions.

Insurance 40

Insurance Bankruptcy Contract Contractors 40

Construction Lawyer

MAY 1, 2012

The agreement between the parties, an investment services company and its clients, contained the following provisions: (a)  No dispute, claim, or controversy shall be eligible for submission to arbitration under this Code where six (6) years have elapsed from the occurrence or event giving rise to the  claim. 

Florida 40

Florida Illinois Claims AIA 40

Constructlaw

JULY 13, 2021

8(1)(a)); (2) all of the claims/counterclaims arise out of the same arbitration agreement (Art. A common criticism of international arbitration procedure is the lack of a uniform mechanism for the early disposition of claims akin to a motion to dismiss or even summary judgment as seen in US court proceedings.

Construction 52

Construction Agreement Claims US 52

Construction Test

MAY 7, 2020

The Armstrongs also had their accommodation rolled over to 2021 by the Royal Horseguards Hotel in London despite booking a non-changeable/non-refundable rate and their travel insurer, Covermore, postponed their policy to allow them to travel with insurance cover at a later date and no additional charge. What about travel insurance?

Travel 26

Travel Insurance Claims Airports 26

ENR Construction

JULY 31, 2012

Paris-based Freyssinet Group claims its TechSpan technique is resulting in significant cost and time saving but acknowledges careful backfilling is key to maintaining safety during construction. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? contact us. industry jobs. Transportation.

FAQ 51

FAQ Concrete Site Claims 51

CivilJungle

DECEMBER 26, 2021

Please contact a licensed, insured contractor who can also provide a warranty of that project after finished. Status of Roof Owner [Applicant, Already Insured, Other (Specify)]. Insured Info. Name of Insured. Call your insurance company immediately. Arrange an assessment with your insurance company.

Inspections 52

Inspections Insurance Concrete Security 52

Buisness Facilities Contributed Content

JULY 11, 2014

The updated Oklahoma incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. In addition to requiring health insurance coverage, the thresholds include a requirement to create $2.5

Oklahoma 40

Oklahoma Finance Zoning Oklahoma City 40

cnstrctr

JANUARY 4, 2020

Design Risk – if the contract documents aren’t perfect there’s an opportunity for the contractor to claim extras. In the event that the overall project over runs the budget the owner is responsible. In the event the project over-runs the budget the contractor is responsible. Construction Contract Types.

Contract 88

Contract Construction Finance Documentation 88