Requires entities performing certain construction services on public contracts to carry errors and omissions insurance.
This bill requires contractors performing specific construction services - like civil design, engineering, or plumbing design - for public projects funded by government or educational funds to carry specialized errors and omissions insurance. It directly affects construction professionals and firms bidding on public contracts under New Jersey’s Local Public Contracts Law, Public School Contracts Law, or similar statutes. The bill mandates that contractors provide proof of insurance to the government entity before awarding contracts and makes the insurance declarations page publicly available on relevant state or municipal websites. This creates a concrete requirement for professional liability coverage, distinct from standard insurance, to address potential negligence or mistakes in these high-stakes services.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Robert Karabinchak
DDemocratic
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