“This law provided a pathway for injured subcontractors to file liability claims in addition to their workers compensation benefits,” says Joanne Bentivegna, risk manager at JB Risk Services in Bohemia. “If a person is injured, it is not a question of whether the builder and property owner will be sued, it is just a question of when and how much the claims will be.”
“The single biggest change from an insurance point of view that would lead to an increase in development is repealing the Scaffold Law,” says Andrew Nigri, president of Sancus Insurance Agency in Islandia. “If this were to occur, claim payouts would be reduced, and fraudulent claims would plummet. Subsequently, more insurance companies would enter the marketplace providing more competition, which would result in reduced insurance premiums.”
Read More