Tradies Risk Management Checklist
Are you doing everything your contract requires you to?
A lot of insurance is tied to contracts, so it’s critical you understand what’s in your contract and comply with the requirements in there. Even if you use a standard contract, things might change and you need to be on top of this, or you might end up in hot water....
Delays to Vehicle Repair and Construction Timelines
As you've probably heard already, COVID-19 is still causing significant disruption to global supply chains, with factory shutdowns, freight delays and backlogs at ports. We've already seen this with whiteware, electronics and furniture, and now auto parts are being...
Free Webinar from Builders Coach – Grow Your Business Now Or Never
When did you last revisit your business processes? The right people and processes are key to increasing your efficiency and profitability. Recently, Builders Coach has had unprecedented expressions of interest from builders wanting to know how to best grow their...
The Importance of Maintaining Your Professional Indemnity Insurance
A professional indemnity policy must be current at the time you are held liable for whatever it is you are alleged to have done. This is known as a "claims made" policy, because you have to have it in place when the claim is made against you. This differs from public...
Builtin’s 7+1 tips to avoid an unpleasant surprise these holidays
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 + one things you should remember: 1. Secure your sites before you go (and take your tools with you)...
Some Recent Liability Claims from Builders and Other Trades
Examples of some recent liability claims from builders and construction trades.
Why You Should Regularly Review Your Insurance Cover
Insurance is a key part of every business’ risk management plan, so it’s important to make sure you regularly check that what you have in place is suitable and make any changes that are needed.
Ever Heard of the Building Defects Exclusion?
Following the leaky homes crisis of the early 2000s insurers introduced what is known as the “Building defects” exclusion to many different policies. Find out what the implications are for your coverage.
Contractors Bonds Explained
A bond is a guarantee from a third party that if a company fails to deliver on its contractual obligations the bond provider (called a guarantor or surety) will pay instead. It reduces the risks for contracting parties, because they know that if something happens they won’t be left in the lurch.
Statutory Liability – A License Complaint and a WorkSafe Investigation
A brief overview of two license complaints and a WorkSafe claim. This is where statutory liability insurance is important.
Working Out Your Vehicle’s Market Value
Commercial vehicles are usually insured for their market value. What does mean and how can you work it out?
Dial Before You Dig – Two Claim Examples
Two examples of public liability insurance claims for damage to underground services.