Articles, Guides, Checklists and Videos
Articles
A reminder about the key issues with construction/contract works insurance
Construction (contract works) insurance is a contractual requirement for most building projects. Here are some of the most important things to be aware of when it comes to contract works insurance.
Pitfalls in contract works insurance – three important issues that affect your cover
As with any contract of insurance, the devil is in the detail and it’s important you read and understand the terms & conditions contained within it. Below are three things you may not be aware of that could affect your cover. Cessation of Work Most policies exclude...
Risk Management & Insurance Basics for Tradies
Running any kind of business involves a certain degree of risk, and building trades are no exception. Indeed, tradies face additional responsibilities placed on them by the Building Act, such as disclosure requirements, mandatory contract terms and implied warranties....
Ransomware attacks an increasing threat to Kiwi trade businesses
Attacks on small business have skyrocketed in the last 12 months, as hackers target poorly protected systems for ransom.
A better way to manage retentions – with a retention bond
From the 31st of March 2017 retention money withheld by a principal or contractor must be held “on trust” until being released to the subcontractor. Retention bonds offer many benefits for principals, contractors & subcontractors, including improved cashflow and no onerous “on trust” obligations.
Natural disasters & insurance – a timely reminder for builders
A number of issues with contract works insurance arose following the Christchurch earthquakes. These are worth highlighting again now.
Videos
Guides & Checklists
Simple Risk Management Checklist
Use the checklist below to lower the odds of some of the most common risks faced by construction companies and tradies happening to you and your projects.
Key Risk Checklist for Builders
Work through the checklist to see how well you're managing the top 5 risks identified by builders. It's recommended to use the checklist for every job or project.
Building Contractor Risk Scorecard
Use this form to regularly assess key areas of risk. This will help identify trends in performance and indicate where action needs to be taken.
Easy Guide to Contract Works Insurance
Builtin’s Guide to Contract Works Insurance outlines some of the most important issues with this type of cover that builders need to be aware of when starting a new project.
Defective Workmanship Cover Explained
Defective workmanship—by you or your team—can expose you to thousands in liability, legal fees, and damages. Make sure you're properly protected.
Basic Tool Inventory for Builders
Use this table to work out how much your tools are worth and keep a record of them. You can save and update the list any time. You will be able to print a copy.
Builders Insurance Requirements Checklist
Use this form to check if there are any gaps in your insurance coverage compared to the areas of risk that you're exposed to.
Construction Project Risk Checklist
Use this form for each new job or project. It will help ensure you have covered off the most important tasks to mitigate risk to the project's success.
Construction Project Insurance Checklist
Every building project involves risk. The risk may be higher or lower, depending on a whole range of factors, and you will need to eliminate, isolate or minimise these risks.