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BUILDERS COUNSEL
JUNE 1, 2011
Insurer Beware: Failure to Defend Ends With Hefty Verdict
Insurers have more incentive to show up, after IFCA. Served with a lawsuit that you turned over to your insurer? Insurer refusing to defend you? Washington’s IFCA has the claws to ensure that insurers perform their duties. Luckily, Washington registered contractors are required to maintain CGL insurance. Well, find some hope in this news. Million verdict.
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BUILDERS COUNSEL
SEPTEMBER 28, 2011
Consider Amending Your Construction Contract In Response To Change In Insurance Policies
ConsensusDOCS suggest solution to change in insurance policies. The organization responsible for boilerplate language in most insurance policies has made some changes that probably affect your construction contract. So, when ACORD (The Association of Cooperative Operations and Research Development) changed the language in their standard insurance forms, ConsensusDOCS proposed some contract changes. Luckily, the good people at ConsensusDOCS have made us all aware of these changes and they have suggested new contract language to deal with the changes.
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CONSTRUCTION LAW MONITOR
SEPTEMBER 4, 2011
Tropical Storm Lee – Prepare for Insurance Claims
Contractors who have equipment, property and unfinished work need to report any flood, wind or wind driven rain damage to your general liability insurer in a timely fashion so that you may collect reimbursement for damages sustained from this storm. Your insurer will assign a claims specialist to assess the damage and this person is who you will work with to obtain reimbursement. Be sure to read the policy to make sure you follow all the specific guidelines, otherwise your insurer may use this against you as an excuse not to timely pay up on the claim.
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CONSTRUCTION LAW MONITOR
FEBRUARY 10, 2012
California Contractors Need Workers Compensation Insurance, or else…
In one of JD’s tweets last week I discovered a very informative article by Matthew Hicks regarding Workers’ Compensation Insurance law and jurisprudence in California. The bottom line here is that all California contractors need to be sure to maintain proper and adequate workers compensation insurance. Just as Hicks points out in his well written-piece, contractors need to abide by and closely adhere to the requirements for Workers Compensation insurance. California Construction News Insurance Licensing Contractors Workers CompensationMeyers article here.
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THE SMART VAN
SEPTEMBER 22, 2011
Using Telematics To Lower Insurance Premiums
The current national average price for a gallon of regular gasoline is hovering around a budget-busting $3.50, meanwhile auto insurance rates are climbing ever higher, putting an enormous strain on fleets to stay out of the red. The ultimate goal: a more accurately priced insurance plan that rewards low-risk fleets with discounted premiums. Fleet management has never been tougher.
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BUILDERS COUNSEL
SEPTEMBER 19, 2011
Vision One Is Argued: Here’s A Recap On An Important Construction Insurance Case
The insurer denied a claim for expenses in the clean up, based upon an exclusion for the contractor’s faulty workmanship. Division One did not agree with Vision One , ruling in favor of the insurer. Safeco Insurance. In analyzing a similar set of facts, the court decided that the exception applied and that the insured could recover its “resulting losses.”
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