It’s become an age-old question: Does defective workmanship constitute an "occurrence" for purposes of coverage under a CGL policy? It’s been an issue shrouded in fog and an ongoing battle in the courts for over 20 years. And in just the past two years, that battle has been heating up.
Builders and designers are under increasing pressure to find new and innovative ways to incorporate green building practices, reduce energy consumption, and meet our culture’s demand for a greener world. And green construction is booming. According to Navigant Research, the global market for green building materials is expected to top $254 billion by 2020.
During the Great Recession, many contractors were forced to cast wider nets, venturing into new territories and taking on new types of projects. Others left the construction industry altogether. Now, opportunities are plentiful in New Jersey and New York, but finding tried and proven subcontractors and suppliers can be challenging.
Every construction business faces a host of risks, and a properly crafted commercial insurance program is essential for protecting your business assets, managing those risks, and safeguarding your profits.
If you own a landscaping business, you know that your labor-intensive work comes with great risks. Just one lawsuit by a disgruntled customer or injured bystander could drain your business assets.
Falls from height continue to be one of the leading causes of injuries and deaths in the construction industry. The statistics are pretty sobering. According to Bureau of Labor Statistics (BLS) data, almost 9,000 construction workers across the country experienced a fall that caused them to miss work in 2012. The number of fatalities from falls in construction actually increased from 2011 to 2012, and accounted for 269 of 775 fatalities reported in 2012.
For decades, the link between asbestos exposure and serious health issues has been well known. And asbestos litigation – the largest mass tort in U.S. history – isn’t showing any signs of slowing down.
For decades, a heated battle has been raging over New York’s Labor Law 240, also known as the scaffold law. The law holds contractors and developers 100 percent liable for the costs of any gravity-related accidents that they’re at least partially at fault for.
Of all the challenges you face as a project owner or contractor on large construction projects, your New York construction insurance is likely one of your biggest and costliest headaches. With multiple subcontractors, suppliers, and insurance companies involved, you can find yourself dealing with unexpected coverage gaps, lapsed policies, or inadequate limits. And when a claim comes up, things can get complicated and expensive in a hurry.
St. Patrick’s Day may be just around the corner and you may be feeling lucky, but wearing green and carrying a four-leaf clover won’t protect you from this threat: wage and hour litigation. It’s one of the fastest growing and costliest threats to your construction business in recent years, and many experts think it’s the biggest employment litigation threat to American businesses today.