Jason T. Strickland | Ward and Smith In the midst of the current Coronavirus crisis, the priorities for most construction companies are (1) the health and well-being of its employees, and (2) addressing delays on projects caused by the inability to obtain labor or materials. These issues are addressed in excellent articles written by my… Continue reading Addressing Financial Impacts Of The COVID-19 Crisis On Construction Companies
Month: April 2020
COVID-19 and Insurance Coverage: A Follow-Up Look at Recent Developments
Thomas Bentz, Jr. and Joseph Guay | Holland & Knight The ongoing adjustments from the COVID-19 pandemic continue to affect businesses in a variety of ways. In the days since Holland & Knight’s previous alert on the potential impact that the crisis could have on a wide range of insurance coverages (see “A Look at… Continue reading COVID-19 and Insurance Coverage: A Follow-Up Look at Recent Developments
So the Government Shut Down Your Construction Project—What Next?
Matthew D. Stockwell and Laura Bourgeois LoBue | Pillsbury Last Friday, New York issued updated guidance that halted all construction in the state, except for “essential construction” which consists of roads, bridges, transit facilities, utilities, hospitals or health care facilities, affordable housing, and homeless shelters. As a result, most commercial construction and condominium projects are now on… Continue reading So the Government Shut Down Your Construction Project—What Next?
COVID-19 Impacts on Subcontractor Default Insurance and Ripple Effects
Daniel McLennon | Smith Currie & Hancock Subcontractor default insurance (“SDI”) may be described as an alternative to bonding subcontractors. SDI is first-party insurance that compensates the general contractor insured in the event a covered subcontractor fails to fulfill its contractual obligations. Under SDI policies, general contractor insureds are obligated to develop and implement rigorous… Continue reading COVID-19 Impacts on Subcontractor Default Insurance and Ripple Effects
10 Tips To Preserve Insurance Coverage For COVID-19 Claims
Kellie Nelson Fetter, Matthew Heketh, Craig Morgan, Chris Mosley, William Reed and Brooke Yates | Sherman & Howard In the midst of the COVID-19 crisis, many businesses hope (and appropriately so) that insurance—whether business interruption, event cancellation, D&O or otherwise—will step in and pay for some of those losses. However, the insurance landscape is littered… Continue reading 10 Tips To Preserve Insurance Coverage For COVID-19 Claims