Most contractors look forward to the opportunity to have a claim settled in a mutually agreeable fashion. However, a recent decision by The U.S. District Court of Maryland demonstrates the need to consult with your insurer before settling any claims on a project. Jack Morkan and Jack Boyd of Ober|Kaler’s Construction Group join Maryland Construction Network in this podcast to discuss the particulars of the case Perini/Tompkins Joint Venture v. ACE American Ins. Co., and to explain why it is critical your insurance companies be made aware of any claim negotiations.
This program was produced in partnership with the Maryland Construction Network and is the latest in an ongoing series presented by Ober|Kaler's Construction Group. Previous programs are available here and include:
- Construction Subcontracting – Practical and Legal Tips, Part 2 (Episode #49)
- Construction Subcontracting – Practical and Legal Tips, Part 2 (Episode #50)