Impact of Scaffold Law on Construction Insurance Costs in New York State
Sector: Mass Transit • Location: New York City, New York, United States
Source: Newsday
A report by the Building Trade Employers’ Association highlights that New York's 140-year-old Scaffold Law has caused insurance costs on construction projects to increase by up to 500% compared to other states. The law holds property owners and contractors absolutely liable for all falls on construction sites, even in cases of worker negligence, leading to high insurance premiums that consume 8% t
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | reported |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | A report by the Building Trade Employers’ Association highlights that New York's 140-year-old Scaffold Law has caused insurance costs on construction projects to increase by up to 500% compared to other states. The law holds property owners and contractors absolutely liable for all falls on construction sites, even in cases of worker negligence, leading to high insurance premiums that consume 8% to 10% of development budgets. The report also estimates potential savings on major projects like the redevelopment of Penn Station and the Second Avenue Subway extension if the law were repealed. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |