What is CGL – and Why Is It So Important?
No insurance policy in the construction industry is more discussed – and cussed – than the infamous Commercial General Liability (“CGL”) policy. Unfortunately, many people do not have a good working understanding of the CGL policy or options that would provide more protection. As a result, a builder may pay for a loss that could […]
Construction Insurance Contracts | Do Your Provisions Actually Have You “Covered”?
Construction insurance contracts are a must as construction projects are notoriously risky endeavors. In order to cover these risks, the parties usually employ the following types of insurance coverage: builder’s risk, commercial general liability, umbrella, contractor’s pollution, auto, and workers’ compensation/employer’s liability. Each insurance type has gaps, but often there are ways of modifying the […]
Arbitration – It’s time to give it a second thought
The construction industry has used arbitration as the primary method for resolving disputes for many years. Builders routinely include a well-worn arbitration provision in their contracts. When disputes occur, however, builders are often surprised at certain limitations of the arbitration process. Therefore, it is worth giving that old arbitration clause a second thought and seeing […]
It’s Pay Day! (or Is It?): Dealing with “pay-if-paid” Clauses in Construction Contracts
A new construction project springs financial hope for all parties involved. Unfortunately, if the owner fails to pay the general contractor as expected, that hope is quickly replaced by financial anxiety. In these situations, the general contractor is faced with the dilemma of “financing” the project by paying out-of-pocket, or incurring project-damaging problems with labor […]
How Do You Handle Real Property Damage?
Once an owner discovers there is a defect or property damage to its project caused by the general contractor or one of its subcontractors, the owner will want to know what damages it may recover. While a full discussion of damages in a construction dispute is too in-depth, the following will show the general category […]