Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.

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Insurance Contractors Accidents Liability 156

Construction Dive

JANUARY 2, 2014

By Bruce Jervis A primary purpose of a limited liability company, much like a corporation, is to shield company owners from personal liability for business losses. When the company enters into a contract, the company’s assets are at risk. It is also crucial to avoid comingling of company and personal funds or other assets.

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Liability Risk Claims Contract 64

Green Building Law Update

SEPTEMBER 23, 2018

In an era when concern over legal liability for building claims is real, not only enforced by the FTC and state attorneys’ generals, but also in consumer class action suits, it is likely unwise to make the claim that a building is net zero energy use or the like, what does net zero mean?

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Building Radar

AUGUST 22, 2024

Construction projects, by their very nature, involve a significant degree of risk. From safety hazards to contractual disputes, the industry faces numerous liability issues that can lead to costly legal battles, project delays, and financial losses. Common Construction Liability Issues 1.

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Liability Risk Legal Construction 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?

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Liability Risk Insurance Contractors 52

Levelset

SEPTEMBER 8, 2022

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. General liability insurance.

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Liability Insurance Claims Legal 52

Green Building Law Update

JANUARY 19, 2020

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 156

Liability Leases Defense Commercial 156

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

Liability 52

Liability Insurance Injury Contract 52

Construction Dive

NOVEMBER 6, 2013

By Bruce Jervis There are many legitimate reasons for contractors to submit claims for increased compensation. Construction contracts, which essentially allocate risks and responsibilities between project owners and constructors, spell out the circumstances under which the contractor may be entitled to additional time or money.

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Claims Wisconsin Compensation Liability 59

Construction Marketing

SEPTEMBER 24, 2015

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. Your business plan should also identify potential risks that could result in cash flow problems.

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Documentation Insurance Legal Liability 120

Green Building Law Update

AUGUST 30, 2020

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

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Site Liability Leases Defense 156

Levelset

SEPTEMBER 14, 2022

Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk. Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors.

Insurance 98

Insurance Liability Claims Injury 98

Green Building Law Update

OCTOBER 11, 2020

Those lawsuits primarily assert that the extraction, production, sale, and promotion of fossil fuels constitute a public nuisance and give rise to product liability under state common law and state consumer protection statutes; the plaintiffs are seeking relief largely in the form of compensatory and punitive damages.

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Baltimore Maryland Claims Connecticut 207

Green Building Law Update

DECEMBER 13, 2015

With an Order Of Judgment, in favor of Permapost Products Company against Weyerhaeuser Company filed on November 17, 2015, resolving the final third party claims, the more than 15 year old disputes and differences over the construction of the Chesapeake Bay Foundation’s Philip Merrill Environmental Center, in Annapolis, Maryland, are over.

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Foundation Liability Maryland Claims 120

Green Building Law Update

AUGUST 8, 2015

Substantively the case suggests there is no more liability arising from green building versus other construction, but that the liability is different. The crux of this case is one of those differences, claims arising from materials.

Liability 120

Liability Maryland Green Agreement 120

Green Building Law Update

AUGUST 8, 2015

Substantively the case suggests there is no more liability arising from green building versus other construction, but that the liability is different. The crux of this case is one of those differences, claims arising from materials.

Liability 120

Liability Maryland Green Agreement 120

Mr Ethics

JUNE 19, 2015

Dear Mr. Ethics, My partners are telling me we should be forming limited liability corporations for every project we do. They say our only risk is the assets that are in the L.L.C. They tell me that these “L.L.C.’s” s” will legally protect our personal assets and the assets of our regular company. for the project. Regards, Mr. Ethics

Legal 100

Legal Liability Drawings Claims 100

Mr Ethics

JUNE 19, 2015

Dear Mr. Ethics, My partners are telling me we should be forming limited liability corporations for every project we do. They say our only risk is the assets that are in the L.L.C. They tell me that these “L.L.C.’s” s” will legally protect our personal assets and the assets of our regular company. for the project. Regards, Mr. Ethics

Legal 100

Legal Liability Drawings Claims 100

Mr Ethics

JUNE 19, 2015

Dear Mr. Ethics, My partners are telling me we should be forming limited liability corporations for every project we do. They say our only risk is the assets that are in the L.L.C. They tell me that these “L.L.C.’s” s” will legally protect our personal assets and the assets of our regular company. for the project. Regards, Mr. Ethics

Legal 100

Legal Liability Drawings Claims 100

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? Contractor liability for property damage.

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Insurance Claims Liability Accidents 52

Construction Marketing

JULY 11, 2022

The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Surety bonds do not protect you against liability. If a bond claim is filed because of your legal or ethical violations, you will be liable for paying the surety up to the maximum bond amount.

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Contractors Legal Bidding Contract 156

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: Current Assets / Liabilities . Current Ratio .

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Safety Debt Equity Liability 94

Green Building Law Update

JUNE 30, 2019

And there does not appear to be a valid legal theory even articulated to pierce the corporate veil and find liability in individual LLC members. The website goes on to claim, “every homeowner can have the home of their dreams without the dread of colossal energy bills.”. The case is Jeremy Simons et ux, et al v.

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Maryland Housing Claims Green 120

Job Order Contracting

AUGUST 31, 2021

Traditional contracting methods typically involve the non-owner participants tendering a lump-sum price based on the owner’s proposed allocation of responsibilities and risks. The post Collaborative Construction Solution – Public Sector appeared first on 4BT.

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Construction Procurement Liability Contract 125

Safety Services Company

DECEMBER 1, 2023

With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. A Good Safety Record Presents You as a Lower Risk Liability Contractors frequently operate in risky and hazardous environments. demonstrates significantly lower past claims than the industry average.

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Safety Bidding Contract Liability 109

Levelset

SEPTEMBER 19, 2022

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The roofer’s general liability insurance covers claims related to injuries related to the customer’s fall.

Insurance 52

Insurance Liability Compensation Claims 52

Construction Dive

JULY 23, 2014

The designer’s responsibilities – and liabilities – are to the owner. The court said risk and responsibility on construction projects is customarily allocated by a chain of contracts. The court said risk and responsibility on construction projects is customarily allocated by a chain of contracts.

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Drawings Contractors Design Liability 69

Building Radar

JULY 15, 2024

Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. Common Types of Construction Insurance General Liability Insurance (CGL) Commercial General Liability (CGL) insurance is essential for both general and trade contractors.

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Insurance Liability Construction Risk 52

Constructlaw

NOVEMBER 22, 2022

The New York Supreme Court (New York’s trial court) dispatched all of the owner’s claims on summary judgment. The designer, which had specified the wrong type of turbine, invoked New York’s three-year statute of limitations to defeat the owner’s professional negligence claim.

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New York Risk Claims Liability 52

Construction Lawyer

MAY 30, 2012

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Unlimited liability for designers and contractors. The statute of repose (similar to a statute of limitations) expired by 1982, extinguishing any liability by Sverdrup. Copyright Notice. Disclaimer.

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Liability Contractors Design Minnesota 40

Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

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Insurance Contractors Construction Claims 97

NH Construction Law

NOVEMBER 30, 2020

Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. ” This language can certainly be read as evidence of congressional intent that Miller Act claims not be arbitrable. Industrial Lumber Co. , Enterprises, Inc. , 3d 35, 36 (1st Cir.

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Claims Subcontracting United States Contract 40

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 23, 2022

General contractors know these risks when they take the role. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. However, the types of policies and their limits (the maximum amount claims can pay out) are limited.

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Insurance Liability Accidents Risk 52

Construction Lawyer

NOVEMBER 11, 2007

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Limitation of Liability in new AIA Document. This is not an expansion of the architects liability as the architect would be responsible for such acts or omissions in the absence of such language.

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Liability AIA Documentation Illinois 40

NH Construction Law

AUGUST 21, 2022

Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. 4th 12 (1st Cir.

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Liability Contract AIA Contractors 40

Green Building Law Update

JUNE 14, 2020

something I rarely do) because I believe the two new LEED pilot credits can contribute to a meaningful consideration of how to adapt to keep people safe in buildings and how to mitigate risk to owners of those buildings. . Green Building Council has announced that LEED will play a role in confronting risk in the coronavirus pandemic era.

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