Top 3 Reasons to Hire a Construction Lawyer

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There are many different kinds of lawyers. If you are in the commercial real estate or construction businesses, you may be asking yourself if you need a construction lawyer or a commercial real estate attorney. While you may want to settle business on your own, in the long run it just may not make sense to do so. Lawyers know the ins and outs of both the commercial real estate business and the construction industry. Lawyers can guide you through the delicate legal situations and can fight to get you the best deal possible. Here are the top 3 reasons to hire a commercial real estate or construction lawyer.
1. Insurance claims. Builder’s Risk coverage is insurance on a new building under construction or an existing building undergoing repairs or alterations. It has a minimum of 1-year length. If something happens to your construction or building alteration it may be covered by the Builder’s Risk coverage. But the insurance company isn’t going to part with their money easily. A construction law firm can resolve the case so you can deal with what you do best.
2. Arbitration. When people hear lawyer, they think court trial. But more often, lawyers are arbitrators between the parties as they work towards a mutually beneficial arrangement. Arbitration can save you time. Cases are settled much more quickly with arbitration than litigation. Federal court statistics show that average length of civil cases with a jury or bench trial is 27.2 months. Who has over two years to dedicate to a jury trial? Saving time also generally means saving money. A construction lawyer can handle your arbitration cases to save you the time and money of a jury trial.
3. Experience. The American Arbitration Association saw 551 construction industry cases with claims of $500,000 or more in 2015. That means construction lawyers have the experience to get you the best deal and work in your best interests. This experience can be invaluable in the legal system. Hire a construction attorney that can be trusted to handle the intricacies of construction law.
The construction industry and commercial real estate business are fraught with dangerous pitfalls of legalities. If you are having problems with an employee, a contract, insurance companies, or supplier, you may benefit from a hiring a construction lawyer. A construction lawyer can guide you through the muddy waters while working to get the best deal for you and your company.