Construction Contracts and Bankruptcy

Construction Contracts and Bankruptcy

Construction Contracts and Bankruptcy: The Ultimate in “Value Engineering” You have just learned that the other party to your contract has filed for bankruptcy. That party owes you money for past work and the project is not yet completed. This is a difficult and...
Owners and Contractors Protective Liability Insurance

Owners and Contractors Protective Liability Insurance

Owners and Contractors Protective Liability (also known as OCP or OCPL policy) covers the interest of the owner of a property for the duration of a project. Thus, it’s sometimes also simply called “project insurance”. The coverage can also be...
Do General Contractors Need Professional Liability Insurance?

Do General Contractors Need Professional Liability Insurance?

The General Contractor has the same “vicarious liability” for the negligent acts, errors or omissions of their professional subconsultants as they do for the non-professional subcontractors. The General Contractor cannot rely solely on the hold harmless indemnity...
Errors and Omissions Insurance for General Contractors

Errors and Omissions Insurance for General Contractors

Errors and omissions (E&O) insurance protects professionals from mistakes in contracts, including items that were left out of the contract. When these items are discovered after the contract has been signed, it can result in a costly lawsuit. E&O insurance...
Demanding General Contractors and How to Meet Them Halfway

Demanding General Contractors and How to Meet Them Halfway

Some of the most frequently asked questions we hear are triggered by the disparities between the insurance coverage available to design professionals and the demands made for coverage by general contractors and their standard contracts. This is a nuanced area, and you...