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ITM Training Day Attendees Discuss the Key Risks Builders Are Worried About
The top risks faced by builders were compiled during Builtin’s risk management workshops at the ITM LBP Training Days in 2024. Almost 1,000 builders, ranging from individual LBPs to owners of large construction businesses, were asked to identify the top 5 risks that would impact the survivability of their business.
Could An Overloaded Vehicle Result in a Declined Insurance Claim?
If your trailer is loaded in excess of the manufacturer’s specification this may void your insurance in the event of an accident.
Builtin’s 8 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 eight things you should remember: 1. Secure your sites before you go (and take your tools with you) They're...
Cyber Risk Management – tips when making payments or sending invoices + a recent claim from a construction company
Cyber risk is a growing threat to small business in New Zealand. Here are some tips to minimise your risk as well as a recent claim example from a building company.
The Trades Coach Offer: How to do (better) marketing when you need more work
Lead generation is a hot topic at the moment. Many builders who have lived quite well from word-of-mouth marketing are finding that this strategy is either not working or not providing enough new leads to maintain their businesses. In response to this, The Trades...
Opinion: Will insurance ever replace the need for building consents and inspections?
Recently Chris Penk, the Minister for Building & Construction, announced that the Government is looking to “lift the competence” of building professionals and increase penalties as a way to improve efficiency and reduce the cost of building work. In my view, none of the changes proposed will have a material impact on efficiency or cost.
Case Study: How Builtin Saved One New Customer $30,000 Off Their Insurance Bill
See how one customer saved $30,000 from their insurance bill through Builtin’s comprehensive insurance assessment.
Are builders liable for the actions of their subbies?
In the construction industry, the relationships between various parties, such as owners, architects, contractors and subcontractors, are often complex. One critical aspect of these relationships is the concept of non-delegable duties, which has significant implications for the liability that building contractors bear for the actions or errors of their subcontractors.
Are You a Labour Only Contractor? Here are Some Liability and Insurance Considerations
It’s common for building companies to engage labour-only contractors instead of taking on employees. This article highlights some of the liability & insurance issues this raises for labour-only contractors.