Insurance for Construction Infographic

Tradies Risk Management Checklist

Are You Hiring Equipment?

If you want to avoid having to pay the hire company’s damage waiver charges every time then you can arrange your own annual policy to cover hired equipment. This could add up to a reasonable saving depending on the amount you spend on hireage each year and the value...

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How Cover For Legal Expenses Works

Most liability policies cover the legal costs related to a claim under that particular policy, ie. for defending the claim against you.  For example, if you are sued for causing damage to someone’s house, and this damage is covered by public liability insurance, then...

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Contract Works Insurance Covers Subbies Too!

Well, it should do. Regardless of who arranges it generally sub-contractors can and usually are included under the policy. That means it doesn’t matter if it’s the builder, the owner or a subbie who damages the works, the contract works policy will cover it. Who pays...

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Be Aware of the Building Defects Exclusion

This is an exclusion in most construction and liability policies these days. It stemmed from the leaky homes crisis and effectively excludes any claim where water has penetrated a building through its external envelope.  This sucks for trades who are working on this...

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Retentions Regime Under Review Again!

The protection of retentions has been an issue in the construction industry for years, not just in New Zealand but globally. Amendments to the Construction Contracts Act a few years back put obligations on head contractors to protect those retentions by holding them...

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