Understanding Commercial General Liability Policies

Understanding Commercial General Liability Policies

Every player in the construction game should be aware of the risks and take the proper precautions. That’s especially true when it comes to business insurance coverage. It is not enough to simply call up a business insurance agent and purchase the first policy...

Understanding Indemnification Clauses

Understanding Indemnification Clauses

The scariest clause a subcontractor can face in a subcontract agreement is the dreaded indemnification clause. But an enforceable indemnification clause can also act to protect you against lower-level subcontractors. In addition, the language in the indemnification...

Construction Risk Management Basics

Construction Risk Management Basics

Whether you are a general contractor, subcontractor, or project owner, an effective risk management approach should be a priority for every project. But how do you mitigate construction risk? Oftentimes, the purchase of a commercial general liability insurance (CGL)...

Indemnification Clause Basics

Indemnification Clause Basics

Making sure you take adequate risk-shifting precautions is a crucial step in the construction process. A common mechanism used in the risk management endeavor is an indemnification clause. But if it’s not drafted properly, such a provision will be unenforceable. In...

Workers’ Compensation: What Employers Need to Know

Workers’ Compensation: What Employers Need to Know

Texas is one of the few states that does not require employers to carry Workers’ Compensation insurance. As an employer, consider whether you have—or should have—Workers’ Compensation insurance or whether you are a “non-subscriber.” In this article, we’ll discuss workers’ compensation and what employers need to know.

Part 2 of the Top 10 Terms to Negotiate

Part 2 of the Top 10 Terms to Negotiate

The second set of contract terms that require your attention when you are reviewing the contract from your general contractor are the safety terms, bond terms, delay terms, dispute resolution terms, and lien waivers. A safety term in your contract can take many forms....

Five of the Top 10 Terms to Negotiate

Five of the Top 10 Terms to Negotiate

Before you negotiate anything, the first thing you need to do is identify the contract documents. Typically, these include the project manual, the plans and specifications, and the terms and conditions. This information should direct you to the most important terms in...

Collections Gone Wrong by Courtney Stricklen

Collections Gone Wrong by Courtney Stricklen

A party can run into problems collecting what they're owed both before and after litigation. If the reader does not properly secure his interest prior to filing suit, he risks not being able to fully recover his damages. If the reader obtains a judgment against a...

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