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The Difference Between Defective Workmanship & Property Being Worked On Cover in Public/General/Broadform Liability Insurance
Insurers in New Zealand have different approaches to the way they cover issues of faulty workmanship. This is particularly relevant for contractors that commonly work on or around other people’s property. Which cover is the right one depends on the type of work you’re doing.
Eliminating Risk for Construction Businesses
Imagine a world where you could run your business without worrying about anything unexpected coming along to knock you off track. No economic downturns, no new government regulations, no natural disasters, no accidents on site, no nightmare customers, no staffing...
Emerging Legal Trends Affecting Construction
The outcome of legal cases is one of the most common ways that the risk profile of any industry can change. Being aware of the implications of Court decisions on your industry and business is an effective risk management practice. The same applies to new legislation...
Do you have the right insurance as a landscaper?
Managing risk as a landscaper is about more than just having the right insurance. You need to have a good risk assessment process and make sure you appropriately manage the risks that are identified.
Are cracks in the neighbour’s property your problem?
The operation of heavy machinery on a building site can cause vibration at nearby properties, with neighbours subsequently looking for and finding cracks in their property. That doesn’t mean that you are responsible for those cracks. This article explains why.
FAQs from ITM’s 2023 LBP Training Days
We answer the questions: what is the Building Defects Exclusion; when should I have contract works insurance; do I need to have both public liability and contract works insurance; are sub-contractors covered by contract works insurance?
Beware the cap on liability in contracts for professional services
A High Court decision in 2021 reaffirmed the effectiveness of limits on liability imposed in the terms and conditions of professional services firms. Why Is This Important? For builders who engage designers, architects, engineers, surveyors and any other professional...
The cyber threat to small building businesses must be taken seriously
Small businesses are an increasingly attractive and easy target for hackers, where the process to attack thousands of entities all at once is facilitated by software tools and artificial intelligence. Added to that, building businesses often deal with high value transactions, with deposits and progress payments in the tens of thousands of dollars, if not more.
Mental Health is a Serious Risk in Construction
Mental health is a major issue for people, and in particular young men, working in the construction industry. Everyone has a responsibility to try and help those who might be suffering. Mates In Construction have some great resources to help, including a 24/7 free...