Remove Documentation Remove Liability Remove Resource
article thumbnail

Construction Liability Issues: Common Risks and How to Mitigate Them

Building Radar

From safety hazards to contractual disputes, the industry faces numerous liability issues that can lead to costly legal battles, project delays, and financial losses. In this article, we’ll explore some of the most common construction liability issues and provide strategies to address them effectively. Documentation is also key.

article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Legal Documents. There are many different types of insurance in the United Kingdom.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being. Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Simply, liability for injuries and fatalities extends to the builder under OSHA’s Multi-Employer Citation Policy, notes Edwin G.

Safety 72
article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. These types of transactions are not always sufficiently documented, and terms and conditions may not be at arm’s length. Contact the CPAs Who Know Construction when looking for skilled resources to help your company.

Leases 177
article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“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.”. An uninsured business would likely not have the financial resources to pay a large legal settlement.

article thumbnail

Understanding the Essential Insurance Requirements for Construction Projects

Building Radar

Common Types of Construction Insurance General Liability Insurance (CGL) Commercial General Liability (CGL) insurance is essential for both general and trade contractors. It’s essential to clearly outline these endorsements in contracts and obtain proper documentation.

article thumbnail

Now is the Time to Revise your Green Building Contracts

Green Building Law Update

And that litigation predated the increased liability associated with materials including the new largely untested EPDs and HPDs. And while this law firm makes a business of drafting and revising contact documents, there are very good contracts available in the marketplace.

Green 159