Sunday, December 28, 2014

What You Need to Know About Contractors Insurance

It is a necessity for any business undergoing construction or renovation to purchase a contractors insurance in order to safeguard their financial stability, as well as their workers' wellbeing. It's not in favor of the business' interest to leave it susceptible to financial drains, in case of management, materials, and manpower problems. There are certainly a lot of risk factors present in a construction site, and all of these could very well hurt a business, if not properly dealt with. Sure, the contractor may be held liable for some of the issues, but most of the losses will be incurred by the property owner. Besides, majority of the states in the U.S. demand that they are secured, before a project license is granted.
Contractors insurance basically covers losses due to lightning, vandalism, fire, lawsuits, injury, and other property damages that are not caused by professional errors or intentional acts. But there are certain policies that do not indemnify against earthquakes, acts of violence, and flooding. The safest plan that you can apply for is a general liability contractor insurance, since it typically takes care of all of the basic concerns, when it comes to this type of activity. Usually, it is the building owner's responsibility to acquire a builder's risk insurance, and ascertain its scope. But, the general contractor can also be tasked to buy it, as stipulated in the contract. It is important to note that this type of property insurance is only valid during the construction period, and is terminated upon the project's completion.
To ensure that you are getting the best policy, it is advisable that you shop around for options, before you settle with a provider. Submit your contracts for quotes if you are a contractor, and negotiate the rate of your policy if you are the business owner. This should help you arrive at a manageable monthly payment term that addresses your construction needs, as well as your monetary limitations.
Next, you should assess the supplementary general condition of your general liability contractor insurance, so that you know who are covered. There are a number of other people who may enter a job site, aside from the builders. You can expect messengers, trespassers, the licensees, and some invitees to come along every once in a while, so they must also be added as insured. To reduce liability exposure, as a contractor, what you can do is determine regulations within the job site, arrange an agreement with the client, and try to be hands-on with any visitation, to pre-empt any potential accidents from happening. It would also be smart to keep the site as hazard free as possible, by disposing all of the materials carefully.
Lastly, never hesitate to use a broker specializing in contractor insurance. This should make the policy application less burdensome. A business owner and contractor would find a broker's meticulous eye for detail and expansive network very helpful, especially for stringent projects. Obviously, you both can't dedicate the right amount of time to go over each unique policy and draw up proposals. A broker will help you accomplish that, and set you up with the right provider or providers as soon as possible.


Article Source: http://EzineArticles.com/7085460

Thursday, December 25, 2014

Sunday, December 21, 2014

Holiday Fire Safety



There's no place like home for the holidays and no better place to implement
good fire safety practices. Follow these simple steps to help ensure
your holiday is memorable for all the right reasons.

Thursday, December 18, 2014

Saving Money On Auto Insurance



This video is from the Insurance Information Institute. For more information about insurance, go to the I.I.I. Website at http://www.iii.org

Sunday, December 14, 2014

Why Companies Need Contractors Liability Insurance

Regardless of if, you are a standard specialist or a sub-contractor, contractors liability insurance is one kind of insurance policy plan that you cannot afford to do company without. Not only will almost all jobs require your company to provide proof of general liability insurance before allowing it on their residence, but also ignoring to protect your resources with this wide-ranging kind of company insurance policy leaves you exposed to sometimes-catastrophic obligations if incidents or accidents happen during a job.
Contractors liability insurance policy has a number of important types of insurance coverage, that jointly guarantee witnesses, customers, sub-contractors, and employees against these types of claims:
* Marketing Harm (i.e., libel and slander)
* Individual Injury
* Physical Injury
* Items and Completed Operations
* Property Damage
In every case, the contractors liability insurance contains legal and judgment costs caused by statements being registered against the covered specialist. This generally contains the other entire person's hospital costs, earnings lost, and all suffering and pain that could have been sustained.
Examples of the Types of Claims Covered
Advertising Injury
Such a claim is protected by many contractors' general liability policies, but it's probably one of the most rare to actually be registered. Marketing injury is defined as damage continual due to another person's use of slander or libel against the complainant. If you are a specialist, one example might be a sub-contractor submitting an claim against a standard specialist on the assumption that his professional reputation and earning potential has been damaged by damaging reviews and advertising started by the normal specialist.
Individual Injury
A couple of the more-common statements made against contractors, bodily injury and accidents statements happen anytime a third celebration (e.g. a customer or bystander) is unintentionally harmed on a job website as caused by negligence on the part of the specialist. Harm statements sometimes can include psychological and psychological injury that outcome from either irresponsible or purposeful acts by the accused.
Damage to Property
The most-prevalent claim observed on job websites, residence damage statements develop from damage or loss of residence because of the covered person's activities. Such actions might be either purposeful (whereby the harmed celebration may additionally submit an accidents claim for psychological and psychological injury) or random, and are occasionally registered due to loss or accidents that happen after the specialist has already completed the project. One common illustration of this would be a plumbing technician who is charged because water pipes he installed begin dripping and causing harm to the walls and flooring near them.


Article Source: http://EzineArticles.com/8580407

Thursday, December 11, 2014

The i's on Insurance: [Not So Risky] Business



Being an entrepreneur makes you the boss! But along with getting to choose your own hours, location, and business plan, it also means that you're responsible for a lot of other things, like commercial business insurance. There's a lot more to business insurance than getting the lowest business insurance quotes. It means understanding your business's unique needs and the potential hazards that can threaten its success.

"The I's on Insurance: [Not So Risky] Business" instructs you on the ins and outs of small business insurance—including coverage for business disruption, theft/loss, and business liability insurance. Why not spend a couple of minutes learning about the different types of business insurance to make it easier to have a productive discussion with your business insurance agent or broker.

Monday, December 8, 2014

Fire Prevention



Elaine Nashashibi had just minutes to get out of their house when the smoke detector went off. Today she says smoke detectors are absolutely essential and should be checked regularly to be sure they are in good working order. Fire education expert Mary Marchone says the more smoke detectors you have in your home the more likely you will be able to escape a fire. According to the U.S. Fire Administration is that people are not taking proper care of battery operated smoke detectors which means many people think they are protected when they are not. The biggest mistake occurs when a homeowner removes a dead battery then fails to replace it for days, weeks or months.

Friday, December 5, 2014

Fire Safety Tips For Holiday Decorating



NFPA offers fire safety tips and advice for safely decorating your home this holiday season, particularly when using candles.

For more information on how to keep your family and you safe this holiday season visit:

Tuesday, December 2, 2014

The Purpose Of Auto Insurance

Auto insurance refers to insurance for vehicles such as two wheelers, cars, trucks and other vehicles on the road. The primary purpose of auto insurance is to offer compensation to the vehicle owners in case of any physical damage to the car and bodily injury that results from car accident. It also covers expenses arising from any liability thereon. In many countries it is compulsory have insurance when you buy the vehicle. Most of the insurances relate to the driver as well as the car, however the degree varies from one country to another.
Some countries also have additional insurances such as pay as you drive which is suitable for uninsured motorists who are using other owner's vehicles. In many countries this insurance covers the loss or damage to the vehicle as well as purchasing new parts for replacement. The insurance provides accident cover for the vehicle owner and also third party liability.
Today every country has many public and private companies offering auto insurance. The whole process for applying of this insurance has become online. You can go through the insurance terms on the website, choose the plan, fill in the application form and then submit the application with the required documents such as vehicle registration number, type of vehicle, proof of address, etc.
Once you submit the application, a representative of the company will get in touch with you to take the procedure forward. In countries such as India, the vehicle dealers have tie ups with auto insurance companies. Hence when you buy a new vehicle, you will automatically get insurance for one year from the car dealer. The premium of the insurance is included in the vehicle price. The premium on the insurance is decided by a number of factors, however the premium amount increases proportionately to the price of the vehicle.
The documents to be submitted for vehicle insurance include registration copy of the vehicle, driving license, policy copy and FIR copy. The various types of auto insurance normally offered include private car insurance, two wheeler insurance and commercial vehicle insurance. This insurance does not normally include electrical or mechanical breakdown, depreciation, consequential loss. It also does not apply in case vehicle meets with an accident outside the geographical area which the insurance company covers. The other exceptions when you may not get auto insurance is damage to the vehicles during wars, perils related to the climate and accidents due to drunken driving.



Article Source: http://EzineArticles.com/6193594

Friday, November 28, 2014

Flood Safety




Commonly Asked Questions


Q: Is flooding really that big of a deal?


Flooding causes more damage in the United States than any other severe weather related event, an average of $5 billion a year. Flooding can occur in any of the 50 states or U.S. territories at anytime of the year.


Q: How can I find out if I am in danger from a flood?


NOAA Weather Radio All Hazards is one of the best ways to receive warnings from the National Weather Service. NOAA Weather Radio All Hazards is a nationwide network of radio stations broadcasting continuous weather and river information direct from nearby NWS offices. Also, the NWS web page provides forecasts and warning and identifies where flooding is occurring (www.weather.gov/water).


Q: How do I know how severe a flood will be?


Once a river reaches flood stage, the flood severity categories used by the NWS include minor flooding, moderate flooding, and major flooding. Each category has a definition based on property damage and public threat.
Minor Flooding - minimal or no property damage, but possibly some public threat or inconvenience
Moderate Flooding - some inundation of structures and roads near streams. Some evacuations of people and/or transfer of property to higher elevations are necessary.
Major Flooding - extensive inundation of structures and roads. Significant evacuations of people and/or transfer of property to higher elevations.


The impacts of a floods vary locally. For each NWS river forecast location, flood stage and the stage associated with each of the NWS flood severity categories are established in cooperation with local public officials. Increasing river levels above flood stage constitute minor, moderate, and major flooding. Impacts vary from one river location to another because a certain river stage (height) in one location may have an entirely different impact than the same level above flood stage at another location.


Q: What's the difference between a flood and flash flood?


A flood occurs when prolonged rainfall over several days, intense rainfall over a short period of time, or an ice or debris jam causes a river or stream to overflow and flood the surrounding area. Melting snow can combine with rain in the winter and early spring; severe thunderstorms can bring heavy rain in the spring and summer; or tropical cyclones can bring intense rainfall to the coastal and inland states in the summer and fall.


A flash floods occur within six hours of a rain event, or after a dam or levee failure, or following a sudden release of water held by an ice or debris jam, and flash floods can catch people unprepared. You will not always have a warning that these deadly, sudden floods are coming. So, if you live in areas prone to flash floods, plan now to protect your family and property. The use of the word “flash” here is synonymous with “urgent.”


Q: Is there anything I can do to prepare for a flood?


How to reduce potential flood damage and what to include in a family disaster plan can be obtained from the American Red Cross.

Sunday, November 23, 2014

4 Things You Should Know About Contractors Insurance

Any company involved in construction work, building maintenance or installation and repair services is in need of contractors insurance. Contractors will be ill-advised to forego contractor insurance in a climate of high crime statistics, unpredictable weather conditions, negligent workers, faulty equipment, defective materials and a million and one other thing that can go wrong in the contracting business.
There is also an ever-growing propensity to be held responsible and accountable for damages caused to third parties. Think about it this way: Insurance premiums cost a mere fraction of stolen materials, damaged projects or compensating clients or third parties for losses incurred through the negligence of workers or the forces of nature beyond anyone's control. By having the prudence and foresight to take out builders' insurance, contracting businesses are safeguarding themselves against possible losses and lawsuits that could end up by severely crippling the company financially or, in the worst case scenario, even bankrupting it. A contractor's policy actually costs very little in terms of premiums and is worth its weight in gold.
The basics of builder's insurance
1. Builders' Risk Coverage (also known as construction coverage)
Builders' risk insurance indemnifies the contractor for losses or damages to a building while the building is under construction. Insurance usually covers the building for a specific time period and applies only while the building is under construction. This type of insurance usually covers fire damage and vandalism. The policy may also include materials in transit to the building site as well as materials and equipment stored on site. Tools, equipment, vehicles, materials and any other assets used on site may also be covered. For the amount of protection it affords (and the peace of mind that goes with it) builder's risk insurance is relatively inexpensive (as against general liability insurance).
2. Insuring Materials on site and in transit
Given the cost of modern building materials, it is common practice for constructors to insure their materials either on site or while in transit. However, the onus is on builders to make sure that all reasonable precautions are in place to protect materials from theft or storm damage as much as possible. This coverage can also include materials stolen in transit due to the vehicle being hijacked while en route to the building site.
3. The most common insurance claims made by contractors
The most frequent claims made by contractors entail materials theft, damaged materials while in transit, storm damage, or surrounding properties being damaged while construction is in progress.
4. Most expensive Claims
The most costly claims most commonly filed by contractor are usually damages incurred by third parties and their properties due to the contractor's "negligence" for example, materials being blown off structures in storms or high winds and landing on nearby cars or buildings. Also damage caused to existing underground pipes or cables. Other high claims are damages caused by fire, rainwater damage to structures, lightning damage or severe storm damage. All these liabilities can be covered by an All Risks contractor's policy.


Article Source: http://EzineArticles.com/5030108

Wednesday, November 19, 2014

The Purpose Of Auto Insurance

Auto insurance refers to insurance for vehicles such as two wheelers, cars, trucks and other vehicles on the road. The primary purpose of auto insurance is to offer compensation to the vehicle owners in case of any physical damage to the car and bodily injury that results from car accident. It also covers expenses arising from any liability thereon. In many countries it is compulsory have insurance when you buy the vehicle. Most of the insurances relate to the driver as well as the car, however the degree varies from one country to another.
Some countries also have additional insurances such as pay as you drive which is suitable for uninsured motorists who are using other owner's vehicles. In many countries this insurance covers the loss or damage to the vehicle as well as purchasing new parts for replacement. The insurance provides accident cover for the vehicle owner and also third party liability.
Today every country has many public and private companies offering auto insurance. The whole process for applying of this insurance has become online. You can go through the insurance terms on the website, choose the plan, fill in the application form and then submit the application with the required documents such as vehicle registration number, type of vehicle, proof of address, etc.
Once you submit the application, a representative of the company will get in touch with you to take the procedure forward. In countries such as India, the vehicle dealers have tie ups with auto insurance companies. Hence when you buy a new vehicle, you will automatically get insurance for one year from the car dealer. The premium of the insurance is included in the vehicle price. The premium on the insurance is decided by a number of factors, however the premium amount increases proportionately to the price of the vehicle.
The documents to be submitted for vehicle insurance include registration copy of the vehicle, driving license, policy copy and FIR copy. The various types of auto insurance normally offered include private car insurance, two wheeler insurance and commercial vehicle insurance. This insurance does not normally include electrical or mechanical breakdown, depreciation, consequential loss. It also does not apply in case vehicle meets with an accident outside the geographical area which the insurance company covers. The other exceptions when you may not get auto insurance is damage to the vehicles during wars, perils related to the climate and accidents due to drunken driving.


Article Source: http://EzineArticles.com/6193594

Saturday, November 15, 2014

Renters Insurance: Are You Prepared?

Renting a property usually means that you don't have to worry about a great number of issues that may arise. For instance, in many cases you could rent a place and if plumbing inside the property breaks down, you can easily call your management company and they would be responsible for fixing the issues that you might have. Whether it's a plumbing leak, or just a nuisance that you need help with, you'll get assistance with relative ease. Even though you have a helping hand here, you may not always get assistance. For example, if that same plumbing leak damages your property in any way, the company that you rent from is not necessarily responsible. That's where understanding renters insurance can come in handy.
Much like the policy that you would get on your vehicle or health, this option can help protect you against the cost of replacing a number of things that you can have stolen, broken, or damaged. For a small fee you will gain peace of mind in case anything happens. Whether it's a natural disaster like one of the many fires, or someone robs you, you'll be able to file a claim and get either a lump sum or your items replaced at a fair market price. Before you can file an accurate claim you're going to need quite a few details. Most renters will keep a list.
Some people find the task of making and organizing a property list difficult to manage. The reason this can turn into an irksome and painstaking thing is because you'll most likely have to get an itemized list going of all the things that you have in your home that you want protected. This is especially true if you have collectibles or things that aren't easily replaced with a lump sum. In that regard, you will need to have pictures, evidence of ownership, and more. This can turn into an arduous task, but it will be beneficial in the long run.
When you are shopping around for a policy, make sure that you understand the finer points of what is being agreed upon. Renters insurance can be as simple as an umbrella policy that covers a number of things, or a small basic option that will give you a little bit of assistance if anything goes awry. The price varies depending on what type of coverage you are looking for. You'll find that the overall cost is favorable as it most definitely gives you peace of mind that is hard to come by otherwise.
Weather you live in an apartment, condo, or home, you're not going to want to miss out on the opportunity to protect yourself when things go sour. Most landlords require renters insurance. But even if they don't, renters insurance coverage is one of the best options you have to protect your property, your family, and yourself from serious perils including liability. Buying your policy before disaster strikes can really be one of the best decisions you've ever made. Get in touch with a licensed insurance agent today and have them walk you through the options.



Article Source: http://EzineArticles.com/7935572

Tuesday, November 11, 2014

Veteran's Day 2014 - Tribute to the Military



Pictorial tribute to all branches of the military. Pictures from WWII to Iraq. Music by the Air Force Band. Thank you for your service!

Friday, November 7, 2014

Monday, November 3, 2014

Earthquakes



This is an earthquake of at least 5.5! At the mid-America earthquake center you can see what would happen if the ground beneath you started to shake! You might be surprised that so many things inside the home can be destroyed, even kill you, even though the structure of the home stays intact. "The risk of an earthquake is real" says Jeanne Salvatore, senior vice president, Insurance Information Institute. Earthquakes are not covered by homeowners insurance, you need separate insurance to cover earthquakes. The Institute for Business and Home Safety says there are easy and inexpensive steps you can take inside your home to make it safer. Anchor bookcases and filing cabinets to the wall. Install ledge barriers on shelves. Put heavy things lower. Harvy Ryland, President of the Institute for Business and Home Safety (www.ibhs.org) says earthquakes injure and kill people, destroy their homes and steal their jobs. The tragedy is that we know how to reduce injuries to families and their homes, and we are not doing it.

Friday, October 31, 2014

Evacuation: The 10 Minute Challenge



Two families take the Ten Minute Challenge to see if they can evacuate their homes in just ten minutes. Erica and Jason Bish have prepared ahead of time and know what to pack and who will do it. Alex and Steve Gorman have not. The Insurance Information Institute says the key is to plan ahead. Gather insurance policies, wills and deeds, marriage licenses, home inventory and other financial documents in one place. Be sure to pack medicines, toiletries, and clothing for three days. Candysse Miller of the Insurance Information Network of California says families should ask themselves "If I had just ten minutes to get out, what would I take?"

Tuesday, October 28, 2014

The i's on Insurance: The Claim Game: Homeowners



The I's on Insurance: The Claim Game, Homeowners," from the Insurance Information Institute (http://www.iii.org), opens the door to a whole new understanding of the claim-filing process. From understanding your policy documents to which records you should to keep to working with your Insurance Professionals, this short video is a helpful introduction that will take some of the stress out of filing a claim in the event that your house is damaged or burglarized.

As a homeowner, you know to expect the unexpected to happen. And when it does, knowing what to do when you file a homeowners insurance claim will help you get the best value from your coverage.

Friday, October 24, 2014

Protect Your Home Against An Earthquake



This video is from the Insurance Information Institute. For more information about insurance, go to the I.I.I. Website at http://www.iii.org

Monday, October 20, 2014

Fire Prevention



Elaine Nashashibi had just minutes to get out of their house when the smoke detector went off. Today she says smoke detectors are absolutely essential and should be checked regularly to be sure they are in good working order. Fire education expert Mary Marchone says the more smoke detectors you have in your home the more likely you will be able to escape a fire. According to the U.S. Fire Administration is that people are not taking proper care of battery operated smoke detectors which means many people think they are protected when they are not. The biggest mistake occurs when a homeowner removes a dead battery then fails to replace it for days, weeks or months.

Friday, October 17, 2014

Insurance for the Small Business Owner



From the Insurance Information Institute http://www.iii.org. A Business Owner Policy, or BOP, may be what your need as a small business owner. A BOP covers your business for property and liability and helps keep your assets safe. Learn more in this video produced by Russell Productions in NYC in association with the I.I.I. For more info on business insurance, check out the Insurance Information Institute at http://www.iii.org

Tuesday, October 14, 2014

Driving With Trucks



Everyone knows that trucks drive differently than cars, but few know how to drive safely along side of a truck. Brian O'Neil, former president of the Insurance Institute for Highway Safety says in crashes between cars and trucks, the consequences for cars is often catastrophic. The Insurance Information Institute urges drivers to use car passing a truck, know where the blind spots are. Phyllis Schenberg, Government Accountability Office, says there were half a million crashes involving trucks in 1997 and 5,000 fatalities. Remember: The larger the truck, the bigger the blind spot and the more room they need to stop or turn.

Saturday, October 11, 2014

Life Insurance Quiz



This video is from the Insurance Information Institute. For more information about insurance, go to the I.I.I. Website at http://www.iii.org

Wednesday, October 8, 2014

Avoiding Insurance Mistakes: Five Tips



Five big mistakes to avoid when making decisions about your insurance. I.I.I. offers tips on how to save money and still properly protect yourself.

Sunday, October 5, 2014

The i's on Insurance: The Claim Game: Auto



Filing an auto insurance claim is never fun. But with these simple steps from the Insurance Information Institute (http://www.iii.org), you can save yourself a lot of time and trouble.

"The I's on Insurance: The Claim Game, Auto" will put you on the road to a satisfactory claim filing experience, giving you the basics on what you should know, what your policy covers and the most important information to record when you're in an accident.




"The Claim Game" will help you to get the most value from your auto insurance policy. And be sure to tune in to the other videos in "The I's on Insurance" series for helpful knowledge for drivers, homeowners/renters, and small business owners.

Tuesday, September 30, 2014

Hail Damage and Insurance Claims



The Insurance Information Institute's Bill Davis on The Weather Channel talking about hail damage and insurance claims.

Friday, September 26, 2014

Renters Insurance



Your landlord probably has insurance to cover the house or apartment building that you live in, but if your bicycle or television is stolen, that's your problem. Landlord Jim Eury says his insurance covers his property only. It does not cover his tenant's belongings nor does it cover them in case there is a lawsuit against them. Renters insurance will replace your property if it is stolen or destroyed in a fire. It also provides liability coverage in case you are sued. Before buying, estimate the value of your belongings. Bill Bailey, Insurance Information Institute says insurance policies have limits on coverage for expensive items such as jewelry, furs, and computers. You will need a special floater for these items to be fully covered. The price for renters insurance varies by company. For more information, check with your agent or company representative.

Monday, September 22, 2014

The i's on Insurance: Auto Coverage: You're in the Driver's Seat



Car Insurance is something every driver needs, but how much do you really know about your auto coverage? '

Tune in to "Auto Coverage: You're in the Driver's Seat to know more about the different types of automobile insurance, get helpful tips on responsible driving and even learn how to reduce your auto rates by getting the right coverage for your needs.

Thursday, September 18, 2014

The i's on Insurance: Your Homeowners Coverage



The Insurance Information Institute http://www.iii.org is all about helping consumers understand 'what insurance is and how it works.' If you're a homeowner, or are considering buying a home, you'll want to know the basics of homeowners insurance. "The I's on Insurance: Your Homeowners Coverage" explains what most policies cover (and don't cover). Watch and learn about liability, additional living expenses and other coverages in your insurance policy. And discover that protecting your family's home and belongings with a policy that balances your needs and budget doesn't have to be a chore.

Monday, September 15, 2014

Small Business Owners Get Big Relief from NFIB



At NFIB, we think you should concentrate on running your business, not playing every position in the line-up. That’s why NFIB members get access to exclusive discounts on services like credit card processing, insurance and operating supplies that can save more than $5,000 a year. Learn more: http://www.NFIB.com/MemberVantage

Friday, September 12, 2014

Top 3 Reasons You Need Contractors Insurance!

Most contractors are familiar with license bonds since many states require them in order for the contractor to be licensed. License bonds are NOT insurance as they serve as protection for your customer, not for you, the contractor. There are many different types of contractor's insurance, including general liability insurance, worker's compensation insurance (also referred to as workman's comp), commercial auto insurance, builder's risk insurance, equipment and tools insurance, and much more. If you don't already have contractor's insurance read on to learn the top three reasons why you need it.
1. Get on the Job
It has become more the rule than the exception that you show proof of liability insurance when you are bidding for a job. Almost all government agencies and most general contractors will require that you carry general liability insurance. If you are unable to show proof of this coverage with acceptable limits (usually $1 million/occurrence), you will likely lose out on that job.
2. Protect Your Assets
Whether due to human error, faulty materials, or weather-related incidents, accidents and injuries occur on construction job sites every year. Even with the most careful planning, getting involved in a court case with a client at some point in your contracting career is generally not a matter of if, but when. Additionally, as an employer you are held liable for the occupational injury, sickness, or death suffered by anyone you hire. Whether your business is at fault or not, the cost of a defense against a lawsuit can be devastating - and often significantly higher than the actual property or injury damages.
Commercial General Liability (CGL) insurance and workman's comp insurance were developed to provide protection to businesses for expenses of injuries to others and property damage. Don't risk everything you've worked for! If you don't have contractor's insurance and someone files a lawsuit against you, you could not only lose all of your company's assets, but your personal assets too. Protect yourself against lawsuits with contractor's insurance.
3. It's the Law!
In many states contractors are required by law to have commercial general liability insurance before they can even bid for a particular job, or at the very least they must disclose to homeowners whether or not they carry contractor's general liability insurance. If you disclose to homeowners that you don't have contractor's insurance, they are likely to choose another contractor.
Don't get caught without contractor's insurance. Protect your assets, gain more revenue, and maintain peace of mind with contractor's general liability insurance now.


Article Source: http://EzineArticles.com/6556460

Sunday, September 7, 2014

Water Damage



Water is responsible for millions of dollars in damage to homes every year. Candysse Miller of the Insurance Information Network of California says if homeowners took just 10 minutes a years to inspect their homes for water damage and corrosion, they could save themselves time, aggravation and money. The Insurance Information Institute says look for old and worn out water hoses on your washing machine and dishwasher, Check your water pressure, be sure to ventilate your bathrooms. Plumber, Eric Brockmire, says know where the main water-shut off valve is located in your home. Nanette McElman of the Institute for Business and Home Safety homeowners should inspect their homes for leaks.

Thursday, September 4, 2014

Why You Need Contractors Insurance

If you are a contractor in any type of field, you understand that there are certain risks that you and your client undertake when performing the necessary work to accomplish the task at hand. These risks could be solely upon either party or involve each equally. Each party involved needs to have that risk minimized so it will not interfere with their own business or even their personal lives. Contractors insurance provides this coverage to give you and your client the peace of mind that you both are seeking.
Contractors Insurance is a policy which is acquired by the contractor themselves. This policy covers and protects the contractor from any kind of liability which can occur while performing the course of the work. These types of insurance policies not only cover the contractor themselves but, they also cover any agents, employees, partners and the like from any kind of claims that may arise.
Depending on the type of policy which you will want to take out, the covered occurrences could include, fire, leaks, acts of God, war and terrorism, safety issues, etc. Before signing any policy, be sure to review every article within the policy to ensure that the liabilities you could incur are covered. Be sure to also exclude any type of liabilities that would not apply to your certain field. You wouldn't want to purchase and pay for coverage which you will never need.
There is a multitude of professional fields that could benefit with the added protection of carrying some form of Contractors Insurance. Most of these fields are predominately grouped into the construction field. They would include roofers, electricians, plumbers, framers, architects, engineers, etc.
Other fields that could use a similar form of insurance would be computer technicians, designers, landscapers, any form of demolition contractors, any many more. To see if you could protect yourself with this kind of insurance, write down all of the circumstances that could go wrong during your normal course of project completion and consult with your insurance agent. They will have the final answers for you and be sure to bring up your concerns with them. Your agent might have a different kind of insurance that would be better suited to your specific needs.
There are five different options of insurance to consider when forming your policy. They are General Insurance, Workers Compensation Insurance, Inland Marine Insurance, Disability Insurance and Bonds. For your particular area, you may need one, two, three or even all of the available coverage's.
Be careful to not waste your money on insurance options that you will not need. For example, if you do not transport goods such as a trucking company or other courier service, you would not want to spend the money on Inland Marine Insurance for that is what this type of insurance is for. However, if you have employees that are on your active payroll, you will not want to pass up the coverage for Workers Compensation Insurance coverage. Consult with your insurance agent to get the best coverage at the most reasonable price.


Article Source: http://EzineArticles.com/2817548

Sunday, August 31, 2014

Get to Know About Contractors Insurance (CI)

Contractors insurance is a specialized coverage for risks associated with contractor's work as a result of a contract. The purpose of purchasing this insurance policy is to protect contractors against liability arising from personal or employee injury, property damage or in the event of any damage or injury to a third party, for which the contractor is held liable.
Contractors face the liability of being sued because of errors
As a contractor, your workplace is prone to certain hazards such as accidents or injuries and thereby you are likely to be affected by third party claims. It covers medical, legal and compensation costs. Let's take a look at some of the liabilities CI covers.
• General liability: Claims made by clients or third parties for bodily injury or property damage, that are caused due to the negligence of contractors are covered under general liability. For example, an employee accidentally injures a bystander while at work and the bystander sues contractor for causing injury. During such situation, general liability insurance will protect you against lawsuit and also pays for medical bills.
• Employers' liability: In employers' liability, employers are held liable for an employee's accident, illness or death during employment for which the parties may sue you. It covers the compensation for loss of wages and provides medical expenses to the injured employees.
• Public liability: Public liability provides coverage for the risks of being liable to pay damages to third parties or damage to their property. Note that it doesn't provide coverage for claims made by your employees.
Things covered by contractors insurance
It covers for injuries or damage to property of others (not the employee or the contractor himself) that is caused by the negligence of the contractor or employees of the contractors. Things that are covered under contractors insurance are:
• Professional indemnity: This insurance is also known as errors and omissions insurance. This insurance will cover you against claims made by any client who suffered financial loss as a result of your negligence, loss or damage of professional documents, dishonesty, infringement of intellectual property and the like.
• Protection of income: In case you are suffering from ill health or severely injured and you are unable to work, financial compensation is offered for the lost income until you recover.
• Covers expenses of litigation: Lawsuits are expensive because you need to pay court fees, attorneys fees and other costs in connection with a lawsuit. Having been covered under contractors insurance, you need not worry of litigation, and can stay in peace of mind.
Points to consider while purchasing contractors insurance
Now that you understand the importance of having contractors insurance, you need to purchase a coverage according to your occupation. Make sure that you check for exclusions, if any, and also, if any liability the policy does not cover.
To get a clarity on what is covered and what is not, you need to be fully aware of your occupation's requirements and then discuss it with reputed brokerage agencies. They will give you professional advice on which and how much coverage is required for you, as a contractor.


Article Source: http://EzineArticles.com/7601867

Wednesday, August 27, 2014

What Are Some Common Forms Of Contractors Insurance?

Contract construction work will require that a licensed contractor have adequate and proper construction insurance for contractors. Having the right policies will offer protection to the owner, the employee, and the project owner. By choosing the correct coverage, a construction owner can rest easier and the project owner will know the company he or she is working with is professional and well prepared.
The basic insurance that all contractors need is general liability to cover any claims that have to do with damage to property and bodily injury while on the job. This coverage does not cover damage to the owner's property or equipment. However, it can be made specific to cover issues like work done underground or for fire and explosions that could result from employee mistake.
When your company also provides engineering or design services, or any type of information that relies on your employee's calculations, you will want an Errors and Omissions policy. Making a mistake at the very beginning of a project that is not found could jeopardize the entire project.
Protecting company equipment while in transit and while on site will require risk insurance. This will also cover building materials while at the site. This coverage will protect from damage due to weather like tornadoes, hurricanes, and fire. It will also cover theft. Policy terms last from start to finish of each project.
Coverage for company vehicles can be added to the general liability policy. This will cover the owner, the person contracted to, and anyone directly affected by the work being done. It covers property damage done to others due to actions of you or an employee. Bodily injury will be covered for injury to another in the course of work.
Protection after a project is completed is simple called completed operations. This will insure completed work that was done incorrectly and caused damage. Water damage due to improperly fitted pipes or a fire due to a mistake in electrical wiring would be protected.
Employees are protected from lost wages and medical costs in the event of an on the job injury. The employee's family is due a death benefit if the situation is catastrophic. This and any disease contracted due to exposure on the job are all in Part A of Worker's compensation. Part B protects the owner when the employee waives the coverage in order to sue the employer if he or she sees fit.
The coding of work comp insurance is exacting and time consuming. Some companies track each partial hour of an employees work to assign the correct code. The code produces a cost per hour that an employer must pay. A secretary will have less exposure and less risk, therefore a much lower hourly code rate than a window washer for skyscrapers will. Having experienced and knowledgeable people tracking codes can be a great cost savings to the company.
The best place to start when looking for an agent is by personal reference and by searching the internet. By typing in construction insurance agency and your zip code, you will get local agency contact information. Call a few agencies and get quotes so you can compare. If pricing is fairly even across your choices, base the decision on your interaction with the agency and its employees. They will be your guide in helping you choose the right coverage for your business.

Sunday, August 24, 2014

Protect Your Home Against An Earthquake!



This video is from the Insurance Information Institute. For more information about insurance, go to the I.I.I. Website at http://www.iii.org

Thursday, August 21, 2014

The Basic Info Regarding Contractors Insurance

Contractor liability insurances are the monetary protection which building contractors anywhere need in the countenance of millions of diverse things which are going wrong in little or big job. This insurance protection is not only a luxury but a great necessity. As matter of fact, contractor accountability insurance is required mostly in majority of projects by the financing corporation. But whether an individual is just an ordinary cabinet installer or a major general, a contractor liability indemnity is one of the means to stop from worrying every day regarding that unavoidable accident.
Insurances for contractors are complete coverage plan intended to safeguard contractors while conducting their business. Having coverage will minimize the dangers to the business of the contractor by changing it to into his assurance company. This policy grants a security net if any untoward incident happens in the job.
The facts
Majority of contractors believe that insurance coverage is very necessary. There are diverse types of coverage accessible to increase general liability to expand the protection of the contractor. Some insurance policies contain workers compensation, surety bonds, property liability, pollution liability, railroad protective liability, builder's risk, owner's and contractor's protective liability, and products and accomplished operations coverage. It is mandatory for contractors to carry indemnity, depending on the status of the operation.
Benefits
Contractors have peace of mind if they have this insurance because they know that they are protected and they do not worry of losing their business if anything goes wrong. If something untoward occurs, the insurance company will work for them by granting coverage for lawful fees and will conduct their own comprehensive investigation. This guarantees that the claims made against the assured persons are meritorious. Purchasing insurance provides the contractors the opportunity to protect more projects because of the safeguard it grants the corporation engaging those services.
Consideration
Contractors insurances protect the company by paying for compensation to property or medical expenses for an injured worker that happened in the job site. In return, the owner or contractor pays for the premiums that transmit the accountability of paying for the claim to the insurance company. The kind of work and danger associated, and the amount of coverage applied for is considered when the insurance group grants a payment offer.
Misconception
Even if the insurance is non-compulsory, contractors might find it difficult to secure job without it. More work offers appear with the provision that contractors may guarantee his job or they will pay for the damages if something wrong occurs. Contractors were even cited for breach of contract since they were not able to generate their certificate of assurance in opportune manner.


Article Source: http://EzineArticles.com/4775682

Sunday, August 17, 2014

CalChamber Capitol Report: The Cost of Doing Business in California



(August 13, 2014) California businesses on average have 19% higher operating costs per job than businesses in the rest of the country, according to a st​udy released by the California Foundation for Commerce and Education (CFCE).

Thursday, August 14, 2014

Contractor Insurance - Overview

Contractor insurance is an essential element of running a contracting business and comprehensive insurance cover can mitigate the impact of events such as thefts, an investigation by HMRC or even the threat of legal action and compensation arising from client accusations of negligence.
Umbrella company contractors are normally covered by their umbrella company employer's policy, but limited company contractors must make their own arrangements to ensure they have adequate cover in place to satisfy business and client requirements.
Insurance types to consider
There are three main categories of insurance that contractors should consider:
  • Office
  • Professional indemnity
  • Tax investigation.
A comprehensive office policy would normally include public liability and employee liability, legal requirements for trading limited companies, plus home office contents and portable equipment cover for business equipment, such as laptops and mobile devices.
Professional indemnity insurance, also known as 'PI', will provide the funds to cover legal advice if a client levels accusations of negligence against a contractor, and may also cover any payouts for compensation. Most clients, particularly those in the public sector, require that a contractor limited company has at least £1m in PI cover.
Tax investigation insurance covers the cost of accountants and other expert assistance in the event of an investigation by HMRC. A routine compliance visit by an inspector may only cost a few hundreds of pounds in an accountant's time, but if the investigation develops into a full-blown IR35 case, the cost of an expert defense can run to tens of thousands of pounds, which could financially ruin a contractor who does not have insurance.
Choosing the right policies
Not every contractor's insurance needs will be the same. Some contractors may have requirements unique to their sector, or could have business premises, such as an office or workshop, that require specialist cover.
A specialist small business insurance broker will usually assess a contractor's insurance requirements as part of their service and then actively seek out the most appropriate policies for the contractor's specific needs from the market.
Alternatively, it is possible to obtain a comprehensive package of insurances directly from an insurance company, but contractors should ensure the insurer understands the contractor marketplace and has a track record in providing contractor insurance products.
Contractor insurance costs
As most policies will be individually tailored to a specific contractor's needs, each policy is priced accordingly. Buying insurance in a bundle direct from an insurer or via a broker is usually more cost effective than buying different policies direct from different suppliers.
As a rule of thumb, a comprehensive office policy costs a few hundred pounds, PI insurance from a few hundred to several thousands, depending on the amount of cover required and the type of services the contractor provides.
Tax investigation insurance comes as a benefit of PCG membership. If bought separately, it can cost a few hundred pounds a year, and compared to the potential cost of an investigation, it is generally a worthwhile investment.


Article Source: http://EzineArticles.com/5835702

Monday, August 11, 2014

CalChamber Capitol Report: New Liabilities on Business​​​​ (AB 1897)



(August 11, 2014) CalChamber Policy Advocate Jennifer Barerra urges members to ask senators to oppose a “job killer” bill that forces one employer to be liable for another’s employment obligations and creates significant costs for the General Fund.

The bill, AB 1897​, unfairly imposes liability on a contracting entity for the contractor’s wage and hour violations and lack of workers’ compensation coverage despite the lack of any evidence that the contracting entity controlled the working conditions or wages of the contractor’s employees.

Thursday, August 7, 2014

7 Key Things Sub - Contractors Must Check Before You Sign That Contract!

1 Who Are You Actually Contracting With?
OK, I accept that this sounds really obvious but how much do you actually know about the organisation that you are getting into a contract with? More importantly will they be around to pay you when the time comes?
There will always be other factors to take into account when deciding on whether or not to enter into the contract. Not least of which, will no doubt be your workload at the time. It is obviously much easier to be selective in times of plenty.
Being willing to place an order with you is only one small part of what you should be looking for in a relationship with a customer. A customer that is likely to become insolvent, or who can't or won't, pay is worse than no customer at all and a customer who takes too long to pay, makes unreasonable reductions or sets off money unfairly, could turn out to be your worst nightmare!
You cannot rely solely on the apparent size of the customer. Not all large companies pay their debts on time and some national contractors are the worst payers of all.
If you have worked for an organisation before, then you will have a pretty good idea as to whether or not they pay on time or are quick to make deductions or raise set-offs.
However, don't assume that because the Manchester office of XYZ national contractor is a good payer, the same will apply to the Bristol office. A lot will depend upon the particular circumstances within that company and within each branch. Whether things go well, may come down to your relationship with individuals within an organisation rather than the inherent culture of the organisation itself.
As a minimum, bank and trade references should be followed up. However, I would advocate making as detailed an enquiry as possible from other Specialist Sub-Contractors who have worked for this organisation. Ask about the culture of the organisation and whether or not they are helpful or unhelpful to their sub-contractors in respect of payment.
Ask about individuals involved and whom you can and cannot rely upon. Ask how easy it is to agree interim applications, variations etc and whether or not they are prone to making reductions or set-offs. Most important of all, ask whether or not they always get paid on time.
Don't be shy about making these enquiries or concerned that making them might cause offence to potential customers. In well run, objective organisations nothing should be further from the truth and reputable companies will respect your professionalism.
2 Scope of the Works
This may sound really obvious but you would be surprised how many disputes I have resolved for Specialist Sub-Contractors where the Sub-Contractor and the Contractor disagreed about the scope of the works included in the contract.
I accept that it is a chore but you neglect this at your peril. Check carefully that what you thought had been agreed during the tender and negotiation pre-contract period, has actually been properly incorporated into the contract.
Check that the Contractor or Client hasn't added in references to documents or specifications you haven't seen, and be wary of phrases such as "necessarily implied from".
I have seen this blatantly used by a Contractor to deliberately add works into my client's scope that my client had definitely not priced. And at a seminar where I used this example one of the delegates told me about his son who was training to be a QS with one of the major Contractors. His son had told him that he was trained how to use this very technique!
If in doubt go back to the Contractor or Client and make sure the written document properly reflects what has been agreed. You must make it clear in writing to the Contractor exactly what you have priced to do before you start work on site or do design work or anything else that could constitute acceptance. Don't sign any documents until you are satisfied that they only refer to the scope of works that you have priced.
3 Time/Programme
Time is a tricky little sucker to get right!
First check whether you are going to have one start and finish date or are going to have to complete the work in sections. If the work is to be completed in sections then you need to be especially careful. Make sure the start date and any notice to start period is what you agreed and be wary of large "windows" for starting the works. I have seen clients being asked to agree to a 3 month window for starting the works on a weeks notice!
Make sure the period for carrying out the works is clearly stated and confirms what has been agreed. Do not agree to "work in accordance with the Contractor's programme" or "as per our site requirements" or any other form of words that Contractors can twist the meaning of and use against you!
If in any doubt get it clarified and agreed before you sign up or start any work.
4 Price and Discount
Trust me I have resolved lots of disputes involving price and discount. It happens all the time, so please don't let it happen to you. Check that your price has been properly incorporated along with any tender summary or amendments and clarifications that have been agreed. If you are relying on any qualifications in your tender make sure they are not "lost" because of terms like "...the Sub-Contractor acknowledges that all terms and conditions of his quotation are excluded".
If you negotiated a one off discount on your price to win the job then make sure the contract clearly states that this discount does not apply to the valuation of work instructed as variations. In days gone by (that unfortunately I am old enough to remember) Main Contractor's Discount was linked to prompt payment. There is no such provision in most modern Standard Form contracts. So if the contract mentions discount make certain you know what it applies to and how it will work in practice.
5 Payment Terms
Again this might sound like an obvious thing to check but you might be surprised how many times this becomes a problem. Make sure that you understand how long the payment period actually is. These days contracts normally refer to a "Due Date" and a "Final Date for Payment". You also need to be clear about what other events or circumstances have been linked to payment.
For example;
21.2.1 The first payment shall be due 30 days after the Sub-Contract Valuation Date next following the date of commencement of the Sub-Contract Works.
21.2.2 Interim payments after the first payment shall be due 30 days after the Sub-Contract Valuation Dates thereafter.
21.2.3 The final date for payment for the first and interim payments shall be 30 days after the date when they become due.
Now, you could be forgiven for having skim read this and thought it's a 30 day payment period.
What it actually says is that the first payment and the following interim payments shall be due 30 days after the Sub-Contract Valuation Date. That is not due in the sense that it is "due" for payment on that date!
So, the payment becomes "due" 30 days after the Sub-Contract Valuation Date. The final date for payment for the first and interim payments shall be 30 days after the date when they become due.
In other words 30 days plus 30 days is 60 days from the Sub-Contract Valuation Date!
In this particular instance you should also be clear that the contract sets out the Sub-Contract Valuation Dates, because that is what triggers the payment sequence. Make sure that these dates are only a month apart they could quite easily be longer! You should also ensure that the Sub-Contract Valuation Dates go on beyond the end of the planned Sub-Contract Period, and if the works are delayed you should ensure that an extended list of dates is agreed.
6 Design Liability
As Specialist Sub-Contractor you will be liable for any design you provide if that design subsequently proves to be faulty. You need to be very clear that your design liability is restricted to reasonable skill and care, and that the far more onerous standard of fitness for purpose does not arise. Unfortunately it is all too easy to get this wrong!
Similarly, this is one situation where it isn't necessarily what the contract says, but what the contract doesn't say that gives rise to the much more onerous standard! If the contract is silent about design liability then your liability will be the far more onerous standard of fitness for purpose.
Why is this so important? Well, fitness for purpose basically means you are guaranteeing that your design will satisfy the end users needs irrespective of what you did or didn't know about his business and irrespective of what it says in the enquiry or specification.
A major consequence of this onerous liability is that it is highly unlikely that your professional indemnity insurance will reimburse any resultant losses where you have failed to provide the guaranteed result. In other words they will void your cover!
Your obligation to produce a design which is fit for its purpose is an absolute duty independent of negligence. It is a duty which is far greater than that imposed upon a professional designer employed solely to design, as the professional would only be liable if (in the absence of an express provision) he was negligent.
Express provisions to the contrary will obviously negate any implied terms. In other words a specific clause which defines your liability must be incorporated into your contract and that clause must restrict your liability to reasonable skill and care.
The implied obligations of the professional have been developed in the medical and legal professions where a result cannot be guaranteed. The kind of liability that arises when a Specialist Sub-Contractor designs and installs has its root in the law related to sale of goods where the law imposes an obligation to supply goods fit for purpose where the purpose is made known to the seller and the buyer relies upon the seller's judgement.
Most standard forms of building contracts provide a clear distinction between the duties of the designer and the duties of the builder, so that if a building proves to be faulty because of both design and construction faults the Employer is faced with bringing an action against both the designer and the constructor.
The principle behind a design and build contract is that the Contractor and his Specialist Sub-Contractor are responsible for both design and construction.
The Courts have readily implied the following terms into design and build contracts.
1. That the work will be carried out in a workmanlike manner 2. That materials of good quality will be used 3. That the materials and work (including design) will be reasonably fit for their respective purposes.
Lord Denning M R in Greaves and Co (Contractors) Ltd -v- Baynham Meikle and Partners (1975) said;
"Now, as between the building owners and the Contractors, it is plain that the owners made known to the Contractors the purpose for which the building was required, so as to show that they relied on the Contractor's skill and judgement. It was, therefore, the duty of the Contractors to see that the finished work was reasonably fit for the purpose for which they knew it was required. It was not merely an obligation to use reasonable care, the Contractors were obliged to ensure that the finished work was reasonably fit for the purpose."
Lord Denning's comments were reinforced by the House of Lords in IBA -v- EMI and BICC (1981) where Lord Scarman said;
"In the absence of any term (express or to be implied) negating the obligation, one who contracts to design an article for a purpose made known to him undertakes that the design is reasonably fit for the purpose."
7 Dispute Resolution!
Last but by no means least you need to know that your rights have not been compromised by Contractors or Clients!
If the contract between you and the Contractor or Client is subject to the Construction Act (The Housing Grants and Construction Act 1996) the contract should have certain provisions which provide some degree of protection. But beware that these have not been negated by the specific words of the contract!
Suspension For Non Payment
Exercising your right to suspend performance is a very effective way to get paid!
The right to suspend may not be exercised unless you have given written notice of your intention to suspend performance. The period of notice is the bit that the Contractors will change to make it more difficult for you. The time period in the Act is 7 days but there is nothing to stop them extending this period to 14, 21 or even 90 days!
Any valid period of suspension automatically confers on you a right to an extension of time under the contract and where the contractual time limit has been set by a date rather than a period the date for completion is deemed to be adjusted automatically.
Having the right to suspend performance for non payment is not a statutory right unless the Act applies, so it is a good idea to ask for such a provision to be included into those contracts where the Act does not apply.
Adjudication
Adjudication is a statutory procedure by which any party to a construction contract has the right to have a dispute decided by an adjudicator. It is intended to be a quick process and it can be cost effective when handled properly. 
  • It is normally used to obtain payment but most types of dispute can be adjudicated.
  • It is a very quick process and the adjudicator must generally decide the dispute in less than 42 days.
  • The adjudicator's decision is temporarily binding and can be enforced by the Courts
But in the vast majority of cases the parties accept the decision as binding.
However, the way that some Contractors put a stop to this very effective remedy is to make you responsible for all the costs!
In Bridgeway Construction Ltd v Tolent Construction Ltd (2000) TCC the issue was whether a provision in an adjudication procedure on the matter of costs was void if it inhibited a party from pursuing the remedies provided by the adjudication process.
The subcontract between Bridgeway and Tolent incorporated the CIC Model Adjudication Procedure, but with amendments. Two amendments were relevant to the issue of costs. A new clause 28 had been added which stated:
"The party serving the Notice to Adjudicate shall bear all of the costs and expenses incurred by both parties in relation to the adjudication, including but not limited to all legal and expert fees."
A new clause 29 stated:
"The party serving the Notice to Adjudicate shall be liable for the adjudicator's fees and expenses."
Bridgeway the subcontractors made an application to the adjudicator and the adjudicator awarded them a sum of money. Bridgeway also asked for their costs, but the Adjudicator rejected this request because of the terms of the contract.
Unfortunately, in the ensuing court case his Honour Judge Mackay had no alternative but to decide that the clauses were not void, nor voidable. In this case the alterations were to a CIC Model Procedure and not alterations to any Act of Parliament.
It is obviously a decision that the Contractors love and Specialist Sub-Contractors are stuck with until the Construction Act is amended to prevent this blatant abuse of the Act. As the law stands Contractors (bless their black hearts) can still get away with adjudication clauses that effectively take away your right to adjudication by making you responsible for all the costs!!


Article Source: http://EzineArticles.com/3306034