Residential contractors should begin to evaluate their contractual risk-transfer tools, their litigation strategies and their analysis utilized for wrap-up coverages in light of a new bill signed into law in California.
In September 2008, California Governor Arnold Schwarzenegger signed Assembly Bill 2738, which creates significant changes to the contractual risk-transfer of owners/builders and their subcontractors who are involved in residential construction projects. The bill contains the following main factors:
o It applies to residential construction contracts for projects within California entered into on or after Jan. 1, 2009.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
