What is a Best Practice? The Cambridge Dictionary defines Best Practice as: “a working method or set of working methods that is officially accepted as being the best to use in a particular business or industry, usually described formally in detail.” Home Builders should be following industry best practices while overseeing workers, promoting safety, while…
When comparing mediation vs. arbitration, both processes involve finding a resolution to disputes, and both involve a third party (a neutral mediator or arbitrator). However, the method by which resolution is reached is completely different between the two. In mediation, the parties mutually select an impartial third-party to help them reach agreement over a disputed…
General Liability (GL) insurance coverage is required for all of Louisiana’s residential builders per Louisiana Revised Statutes 37:2156.1E; this statute requires at least $100,000 of GL coverage. The requirement for GL coverage can be met through liability protection provided by entities like the LHBA GL Trust. See La. R.S. 37:2156.1E. GL coverage can help cover…
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