Tag: Business

NJ Supreme Court Clarifies Insurance Broker’s Duty to Inform LLC’s About Worker’s Comp

NJ Supreme Court Clarifies Insurance Broker’s Duty to Inform LLC’s About Worker’s Comp

In Nancy L. Holm v. Daniel M. Purdy (A-39-21/086229) (Decided December 13, 2022), the Supreme Court of New Jersey held that N.J.S.A. 34:15-36 imposes a non-waivable duty on insurance brokers to inform new LLC members of the availability of workers’ compensation coverage and the right to elect such coverage. The

NJ Supreme Court Sides with Insurer in Product Liability Case Involving Amputation

In Norman International Inc. et al. v. Admiral Insurance Co.(A-24-21/086155) (Decided August 10, 2022), the Supreme Court of New Jersey upheld Admiral Insurance Co.’s denial of coverage to a window coverings company, concluding that the insurer properly relied on a policy exclusion. According to the court, the policy’s broad and

NJ Supreme Court Rules Condo Dispute Must be Resolved Via Arbitration

In Crystal Point Condominium Association, Inc. v. Kinsale Insurance Company (A-76-20/085606) (Decided July 18, 2022), the Supreme Court of New Jersey held that a condominium association must use arbitration to pursue its insurance coverage claims seeking to recover default judgements against two contractors. According to the court, Crystal Point Condominium

New Law Greenlights Design-Build Contracts for NJ Local Governments

New Law Greenlights Design-Build Contracts for NJ Local Governments

New Jersey Gov. Phil Murphy recently signed legislation that establishes procedures for school districts and local governments to award design-build contracts… New Jersey Gov. Phil Murphy recently signed legislation that establishes procedures for school districts and local governments to award design-build contracts, under which a single contractor is responsible for