Post-recession Homebuilding Market on the Rise

So what’s the problem?
Residential construction is predicted to continue growing over the next five years. As the economy continues to rebound from the 2008 crisis, this rise in building is attributed to low interest rates and demands from consumers who put their dreams on hold during the lean y...

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Construction Defect, General Liability, Risk Management: carrier withdrawals, construction defects, general liability insurance, homebuilder market

Architects and Construction Defects

Court rules they’re liable despite unauthorized changes to plans
A recent California Supreme Court ruling may result in fewer architects designing residential projects. Earlier this year ,the court ruled in Skidmore, Owings & Merrill, LLP,  that the principal architect of a residential bu...

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Construction Defect, Risk Management:

Collecting Certificates of Insurance from Subcontractors

Doing so the proper way prevents future headaches
Are you collecting certificates of insurance from your subs and then filing them away, never to be seen again?  It’s important to know there is a proper way to go about collecting and maintaining subcontractor certificates of insurance. Improper o...

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Audit, Certificate of Insurance, Insurance Audit, Resourceful Information:

How to Properly Deduct from Uninsured Subcontractors

Making deductions can be complicated and one mistake can be costly.
Doing things right from the get go is the key when making deductions or withholdings from uninsured subcontractors. I can’t stress enough the importance of this function as one small error discovered by your insurance auditor c...

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Audit, Certificate of Insurance, Risk Management, Workers" Compensation:

Construction Defects and Mistakes

What should the contractor do?
Finding a defect or mistake in completed work poses a dilemma for contractors. There are two choices they can make:

Risk liability by ignoring the problem; or
Risk destruction of evidence by fixing the problem

 
Both choices can lead to contractors having to...

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General Liability, Risk Management:

Why Join a Home Builder Association?

What your HBA has to offer
Many of my customers ask me why they should join their local home builder association and what they would be getting for their money. At first glance, all they see are membership fees, monthly meetings and dinners.  To be sure, the monthly meetings and dinners focus on ...

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Resourceful Information: Home Builders Association, membership benefits, residential construction

Workplace Safety Policy Should Include a Return-to-Work Plan

Safety policies aren’t just about preventing injuries.
Preventing injuries on the job site is the goal of any workplace safety policy. But did you know you can also prevent unnecessary costs by developing a return-to-work program in your company’s safety policy?
When an injured employee is back o...

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http://www.protectingcontractors.com/workplace-safety-policy-include-return-work-plan/

 

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News:

Will drones work with insurance claims adjusters?

FAA has insurers hovering over the use of drones
A community often looks like a war zone following a disaster such as a tornado, flood or earthquake. Ironically, military technology looks to be the future of recovery.
The insurance industry is considering using drones to assess damages and speed...

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http://www.protectingcontractors.com/faa-insurers-hovering-use-drones/

 

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Computer Technology, News:

Builder’s gross negligence ends in $20.8 million award

The price of unconscionable conduct
A Texas homeowner was awarded $20.8 million in a lawsuit against Bishop Abbey Homes Ltd. and the owner of the company. In the suit, the homeowner stated that the defendants reneged on their promise to repair structural damages caused by foundation defects on...

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http://www.protectingcontractors.com/builders-gross-negligence-ends-20-8-million-awar/

 

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Construction Defect, Court Rulings, News:

Surviving the dreaded insurance audit (Infographic)

Being proactive is the key to a painless audit
The word audit can strike fear in the in the heart of any business owner. However, educating yourself and your bookkeeping staff on the process and keeping good records throughout the year can go a long way in calming any anxieties. We are happy to...

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Audit, Insurance Audit:

Architect jailed for improper fireplace installation

Cases of architects being prosecuted for criminal negligence are rare, but architects should be concerned about a recent case that led to the death of a firefighter.
 Architect violates code when installing fireplace
 A California architect was given a one-year prison sentence for installing a f...

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http://www.protectingcontractors.com/architect-jailed-improper-fireplace-installation/

 

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Court Rulings: