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Depending on the type of contracting business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety, and various other regulations.
“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.”. General liability insurance. For example, assume you paint residential structures of all types.
While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.
Contracting parties can and often do agree that in the event of litigation between them, the “prevailing party” will be paid his attorneys’ fees incurred in the fight. on a $7,650 verdict under a Massachusetts anti-discrimination statute). ” Diaz v. Jiten Hotel Management, Inc. , 3d 170 (1st Cir.
It is possible to discriminate between healthy and failing projects prior to failure before the project execution phase in the capital facility delivery process. Focus on driving long-term results instead of fixating on isolated events. Project Performance and the Liability of Group Harmony?, Do tests along the way to confirm.
Because of the potential liability and added complexity and legal issues involved in a fatality or catastrophic accident, the company should insist that legal counsel be contacted immediately and, if at all possible, before OSHA is allowed to start its inspection or any information is provided.
The most significant battles against discrimination in America throughout our history usually have followed the same trajectory. Finally, after legal liability and economic impact weigh in behind public opinion, the scales of justice permanently tilt toward a righteous outcome. Three months later, then-Gov.
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