Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
National
Karcy Noonan

How New York's Scaffold Law and Section 240 Affect Commercial Real Estate Development, Construction Insurance Pricing, and Investment

(Credit: Pixabay)

New York Labor Law Section 240, commonly known as the Scaffold Law, has been a fixture of the state's construction injury framework for more than a century. The statute imposes absolute liability on property owners and general contractors for injuries to workers caused by elevation-related hazards. For commercial real estate developers, construction insurers, and the broader investment community that finances New York City's continuing building boom, the Scaffold Law is one of the most distinctive features of doing business in the state. Understanding how it actually affects development economics, insurance pricing, and project planning is part of operating in the New York market.

What the Scaffold Law Actually Does

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.