With the single European market and the growing internationalisation of the work of architects, engineers and contractors it is important for professionals to be aware of the liability provisions of legal systems around the world. An essential reference for lawyers and insurance companies, especially in construction law and insurance, this is required reading for construction professionals involved in international work.
This comparative international review of law and practice liability describes the framework in which lawyers, insurers, contractors and clients dealing with liability operate. The act of building involves risk and, in the case of damages occurring after construction, it is often hard to identify responsibility. This will be an essential reference for construction lawyers, insurers and other senior practitioners and managers in industry, based on research and analysis by CIB (Conseil International du Batiment) as part of the CIB series programme.
The intersection between construction and insurance is an often overlooked, but essential consideration. This important resource is a perfect practice handbook for construction lawyers, written by practitioners with considerable expertise in both construction and insurance. This practical book provides overviews of individual construction insurance topic areas in each chapter, chosen because of their relevance to construction lawyers.
Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product. Protect your business from all types of risks--insure your projects with advice from the experts Here you'll find the answers to your questions about insurance, bonding, and risk management for all of your construction projects. This much-needed book helps you assess your requirements for insurance coverage, evaluate policies, find the fairest rates, obtain bonding, and manage risks professionally and confidently. Written by the foremsot experts at Ernst & Young LLP and Willis Corroon Construction, this authoritative guide gives you the information and methods you need to simplify and systematize your project insurance bonding, and risk management issues, and protect your business from all types of liabilities: You'll learn how to: establish your requirements for various types of insurance; determine how to get the insurance you need at the best rate; read and evaluate insurance contracts; secure bonds for both contractors and subcontractors; obtain workers compensation coverage; evaluate environmental issues; understand the role of sureties in litigation. Construction contractors and subcontractors, CPAs, law firms, and insurance and bonding agents will all welcome this comprehensive guide and the authoritative help it gives in ensuring successful outcomes for construction projects of every kind.
Twenty years ago, there were 2500 lawyers in China, basically no legal system, and law schools and law libraries had either been closed or destroyed. It was one of the poorest countries in the world with an adult literacy rate of one-third. Today, illiteracy has dropped to below 10 per cent, consumption has more than doubled, and China has exploded as a major economic force in the global community, with the USA alone investing billions of dollars, aside from pursuing an increasing number of untapped markets. Now with more than 100,000 lawyers and mandated Rule of Law, China has enacted a multitude of new laws, regulations, and orders that must be understood if one wants to do any kind of foreign investment or trade in that country. This work is a guide to the complex laws of China. It opens with a survey of the historical development of China's contemporary legal system, and provides a summary of Chinese legislative and regulatory institutions and their functions. It also gives an overview of the judiciary and the many forces affecting China's evolving legal system.
In Canada, home builders acquire protection via various forms of insurance, including, among others, builders risk insurance, wrap-up general liability insurance and contractors comprehensive general liability insurance. Together, these types of coverage, whether purchased on a project-by-project or continuous basis, not only provide builders with protection for loss and liability throughout and following construction projects but also act as a means of securing the interests of financial stakeholders associated with the project(s). This study was designed to satisfy the following key objectives: Ÿ Develop an understanding of the issues surrounding builders risk insurance; and Ÿ Develop an understanding of the issues surrounding post-construction liability insurance. Primary research for this study consisted of conducting nationwide interviews of residential construction companies, insurance underwriters and brokers, and associations and lending organizations, while secondary research consisted of documentation and literature reviews of previously published articles, research and proprietary association and company materials. According to the research conducted, the insurance market for all types of commercial coverage has hardened over the last three years. A "hard" market designates an environment characterized by rising prices and reductions in capacity to underwrite insurance. The market has reacted to the events of September 11, reductions in reinsurance capacity, poor underwriting results and a difficult investment climate. The insurance industry's appetite for insuring residential construction projects has been particularly weak in response to widely publicized catastrophic fires at construction sites at several different locations across Canada and the emergence of new risks such as mold and terrorism. The insurance market for residential construction is contracting, with lower risk tolerance and fewer companies participating in the market. Over the last three years, home builders have identified construction insurance as a critical problem area with reports of higher premiums and deductibles, reduced levels of coverage, new warranties and conditions attached to the policies, as well as refusals of coverage. These recent developments are a cause of concern in the housing industry with respect to the cost and availability of insurance. The cost of insurance ultimately affects housing affordability and the profitability of the home builders' business.
