Stanley A. Martin | Commonsense Construction Law The NH Supreme Court has enforced contract clauses waiving consequential damages and limiting liability. It has also noted that tort claims asserted when the underlying transaction was based on a contract will be barred by the economic loss doctrine. The plaintiff was an engineering service firm that works… Continue reading Contract Clauses Limiting Damages
Tag: Consequential Damages
Consequential Damages in Construction – The Silent Killer
David Senter | Nexsen Pruet One of the biggest risks contractors and subcontractors face on construction projects is liability for consequential damages, although many of them may not even know about that risk, much less understand it. Consequential damages are damages which flow indirectly from a breach of contract and are typically related to delays… Continue reading Consequential Damages in Construction – The Silent Killer
Consequential Damages can be Recovered Against Insurer in Breach of Contract
David Adelstein | Florida Construction Legal Updates | June 1, 2019 In a favorable case for insureds, the Fifth District Court of Appeal maintained that “when an insurer breaches an insurance contract, the insured is entitled to recover more than the pecuniary loss involved in the balance of the payments due under the policy in consequential… Continue reading Consequential Damages can be Recovered Against Insurer in Breach of Contract
Insured’s Complaint for Breach of Contract and Bad Faith Adequately Pleads Consequential Damages
Tred R. Eyerly | Insurance Law Hawaii | March 4, 2019 The appellate court overturned the trial court’s dismissal of the insured’s complaint seeking consequential damages. D.K. Prop. Inc. v. Nat’l Union Fire Ins. Co. of Pittsburgh v, Pa., 2019 N.Y. App. Div. LEXIS 329 (N.Y. App. Div. Jan. 17, 2019). The… Continue reading Insured’s Complaint for Breach of Contract and Bad Faith Adequately Pleads Consequential Damages
Recovering Consequential Damages Under General Liability Policies
Charles P. Edwards and Alexandra Robinson French | Barnes & Thornburg | January 14, 2019 An often-overlooked feature of commercial general liability (CGL) policies is that they provide coverage for damages the insured is legally obligated to pay “because of” bodily injury or property damage. Most courts interpret “because of” broadly to include consequential damages… Continue reading Recovering Consequential Damages Under General Liability Policies