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Recent Posts

THE ALL MIGHTY GENERAL AGREEMENT OF INDEMNITY WITH THE SURETY

Posted on 8 July, 2014
Sureties do not issue bonds (e.g., payment or performance bonds) unless the principal and the principal’s personal guarantors execute a General Agreement of Indemnity (“Indemnity Agreement”).  The Indemnity Agreement routinely requires that the principal / guarantors: (1) defend and indemnify the surety for...

“FORFEITURE” PROVISIONS IN INSURANCE POLICIES

Posted on 3 July, 2014
Insurance policies contain what are referred to as “forfeiture” provisions.  These are provisions where an insured through its actions / conduct can arguably forfeit coverage under the policy for a peril or claim that would otherwise be covered under the policy.  Typical examples...

MILLER ACT REQUIREMENT FOR SUPPLIER ON AN ONGOING OR OPEN ACCOUNT

Posted on 1 July, 2014
Suppliers oftentimes rent or furnish supplies or equipment on credit to a customer (such as a subcontractor) on an ongoing or open account.  Under this scenario, the supplier typically has its customer enter into a credit application (ideally, where...

FREE 15 MIN. WEBINAR ON BEING PROACTIVE REGARDING YOUR LIEN RIGHTS

Posted on 29 June, 2014
Check out a free 15 minute webinar on July 16, 2014 beginning at 12pm on being proactive regarding your construction lien rights 

IMPORTANT BULLET POINTS FOR PAYMENT BONDS ON FLORIDA PUBLIC PROJECTS (FLA. STAT. s. 255.05)

Posted on 28 June, 2014
Contractors that work on Florida state and local government construction projects (non-FDOT projects) must be familiar with Florida Statute s. 255.05.  This statute governs the payment bond (and performance bond) the general contractor is required to provide for public projects in excess of...