Monthly Archives: December 2019
What are the Legal Rights of a Project Owner or Surety in the Event of a Construction Default?
Surety bonds play an essential role in Florida construction projects. The surety guarantees the performance of a general contractor in completing a project under the terms of its contract with the owner. In the event of default, the owner can terminate the contract and demand satisfaction from the surety. Court: Surety Allowed to Retain… Read More »
How Abandoning a Construction Project Can Affect Your Coverage Under a CGL Policy
Defective construction claims can prove costly for a Florida contractor. To help guard against such claims, contractors take out commercial general liability (CGL) insurance policies. But having a policy is no guarantee that the insurer will defend against a defective construction claim. Consider a federal appeals court decision from earlier this year, Southern-Owners Insurance… Read More »
Understanding Florida’s New Laws on Construction Fraud
If you do business as a contractor in Florida, you will inevitably get into disagreements with homeowners. Such disputes can easily escalate into legal action if they are not dealt with promptly. And thanks to a recent change in Florida law, contractors need to take seriously the possibility of criminal prosecution if they fail… Read More »
