If you're unsure if your company is a viable captive candidate, we'll perform a free evaluation It starts with a conversation that lasts between 30-60 minutes and is followed by an analysis of your currently in force insurance policies.
If you'd like to schedule the initial meeting, please call us at 832.330.4101. We're hosting a webinar titled "An Introduction to Captive Insurance" on Thursday September 29. You can register at this link. The follow facts are from Joseph v. PPG Industries, 674 S.W.2d 862, (Austin 1984): On August 19, 1977 Joseph entered into a written contract with John Swope Construction Company (Swope) for Swope to build a commercial building for the maximum price of $250,000. Plans and specifications called for installation of a series of double paned windows. PPG submitted a bid for sale and installation of the glass which was accepted by Swope. PPG and Swope entered into a written contract providing that PPG would sell and install the glass for $10,654.01. The contract also contained a warranty which provided that if the materials (glass) furnished by PPG had not been manufactured in a workmanlike manner, "PPG's only obligation shall be to provide a replacement unit(s) but no labor." Joseph paid Swope all but $9,000 of the contract price for the entire building; payment of the contract necessarily included the window glass. Swope, however, failed to pay PPG, abandoned the job sometime in September of 1978, and cannot be found. The above facts illustrate the need for the following insurance coverage:
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