Hanna Lee Blake | ConsensusDocs The Virginia General Assembly has joined a minority of jurisdictions that ban pay-if-paid clauses in construction contracts on public and private projects. Senate Bill 550 went into effect applying to contracts executed after January 1, 2023, and most recently has been amended effective July 1, 2023. This update highlights the… Continue reading More Clear, But Not Yet Crystal: Virginia Amends its Prompt Payment Law and Legislation Banning “Pay-If-Paid Clauses in Construction Contracts Effective July 1, 2023
Month: November 2023
Ohio Ninth District Tees Up a Third Opportunity for the Ohio Supreme Court to Decide Whether an Oral Hearing is Mandatory on Motion to Compel Arbitration
Allison Reich | Frantz Ward Recently, in Snyder v. Old World Classics, LLC, 2023-Ohio-4019, Ohio’s Ninth District Court held that any motion to compel arbitration under Ohio Revised Code 2711.03 requires an oral hearing. This is contrary to opposing decisions by the Fourth and Eighth District Courts of Ohio in Chrysler Fin. Servs. V. Henderson, 4th Dist. Athens… Continue reading Ohio Ninth District Tees Up a Third Opportunity for the Ohio Supreme Court to Decide Whether an Oral Hearing is Mandatory on Motion to Compel Arbitration
The Contractual Liability Exclusion In Insurance Contracts
Schwartz, Conroy & Hack General liability insurance policies typically contain several exclusions. One of the most common of these is the exclusion barring coverage for liability that the policyholder assumes through contracts with other parties. Depending on your business, it may be advisable to purchase a contractual liability endorsement as an add-on to your general… Continue reading The Contractual Liability Exclusion In Insurance Contracts
Are Punitive Damages Covered By Commercial General Liability Insurance?
Schwartz, Conroy & Hack Punitive damage awards. While your commercial general liability (CGL) insurance policy may provide coverage for punitive damages, coverage will also depend on the public policy in the state whose law governs the dispute. What Are Punitive Damages? Unlike compensatory damages, which compensate a plaintiff for injury or other losses caused by… Continue reading Are Punitive Damages Covered By Commercial General Liability Insurance?
The Water Damage Exclusion And Your Commercial Property Insurance
Schwartz, Conroy & Hack An all-risk commercial property insurance policy does not, in fact, cover all risks. Every property insurance policy has exclusions, and one of the most common – and most often disputed – is the water damage exclusion. What is a water damage exclusion clause? A water damage exclusion clause bars coverage for… Continue reading The Water Damage Exclusion And Your Commercial Property Insurance