Tradies Risk Management Checklist
Bonds & Guarantees – Winning Clients, Lowering Costs & Reducing Risk In a Recession
While the precise impact of a recession on our construction sector is unknown it will no doubt affect many small businesses as less work is pushed through the pipeline. For savvy business owners there are options to help both reduce risk to their own profitability and give greater confidence to potential customers.
Can I Save Money in a Recession by Cutting Insurance?
Insurance may seem like a cost that can be cut, but make sure you think through the serious implications of doing so.
Reassuring Clients With An Independent Guarantee + Other Ideas To Help Your Business During Difficult Times
Check out how a guarantee can help reassure clients during these uncertain times. Plus, other ideas to help manage your business risk including short term small business loans and ways to improve your cashflow as the economy takes a hit from coronavirus.
Builder & Trade Claims – The Importance of Extending Contract Works Insurance, Crashed Drones, Defective Tiling, Scratched Glass, Stolen Tools & Damaged Carpet
Read about 6 examples of claims from builders and other construction trades. These are cautionary tales to be help you be better prepared!
The Importance of Professional Indemnity Insurance for Building Contractors
According to construction insurance specialist insurer MECON, 45% of building failures are a result of design issues. Without professional indemnity (PI) cover builders run the serious risk of being uninsured when they are dragged into litigation over defective design.
Builtin’s 7 tips to avoid an unpleasant surprise at Christmas
It's easy to forget things when you're thinking about Christmas and the holidays, as well as rushing to finish off projects for demanding customers. Here are seven things you should remember: 1. Secure your sites before you go (and take your tools with you) They're...
Health and Safety Liability Insurance – Presentation Slides
This presentation includes examples of WorkSafe prosecutions of construction companies. It explains the insurance available to cover health & safety liability, as well as employee disputes.
Hot on Hot Work – How Does Insurance Respond?
With the recent Sky City Convention Centre fire a hot topic (ha ha) now is a good time to highlight the expectations insurers generally have around hot work claims.
Employment Disputes Can Be Very Expensive – How To Do It Right
There are far too many examples of trade firms being penalised for not following the right processes when dealing with an employment dispute. Regardless of the merit of the dispute, if you don’t follow the right procedures, you could be in trouble. Even with the best processes in place you may at some point have to deal with a disgruntled employee and have to face the Employment Relations Authority. At the very least you will need to engage professional legal services to help you through a dispute.
Watch Out For Limits on Liability in the Terms of Trade of Your Subcontractors & Consultants
Builders can be liable for mistakes made by their subbies or consultants, whose terms of trade often limit their liability. It is wishful thinking in the extreme to assume someone else’s insurance will protect you, even if you’re only liable because of their mistake.
Third Party Loss – Another Requirement for a Liability Claim
There are a few key triggers that must be met before your public liability insurance claim can even be considered. One of them is that a third party must have suffered a loss, typically due to physical damage you’ve done, that they are holding you responsible for.
When Did the Damage Occur? A Key Trigger For Public Liability Insurance Claims
One of the triggers to a public liability insurance claim is that the event that causes damage must be within the policy period. This can be the source of misunderstanding because there are often a few different events associated with a claim, so you need to understand which is the important one.
