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Are you a director of your own limited company? You could be held personally liable if your company fails
In February this year the directors of Mainzeal were ordered to pay $36m for breaching their duties under section 135 of the Companies Act because Mainzeal was trading while balance sheet insolvent before it collapsed in 2013. Do you know if your company is solvent? ...
12 of our most common contract works insurance questions
Whether you’re building new or doing an alteration, extension or renovation, your contract will require that contract works insurance is arranged. Even if you don’t have a contract, for example if you’re doing a spec build, building your own house or if the job is...
HR Essentials for Tradies + a Special Offer for Builtin Customers
Understanding Why A Good Thing Changes With over 25 years working in Human Resources across a range of industries and companies there’s not much I haven’t seen when it comes to how people behave in the workplace. From staff repeatedly calling in sick, (but where the...
The cost of cyber crime to construction businesses is growing fast
Have you taken the simple steps needed to protect your identity, email, banking and business data from identity thieves, hackers or ransomware? Scammers are targeting builders because they are more likely to send invoices for large one-off amounts that can be...
Builtin’s 6 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 six things you should remember: 1. Secure your sites before you go (and take your tools with you) They're...
Making KiwiSaver easy for tradies (it’s free money from the Government so why wouldn’t you?)
The Government will give you over $500 every year if you contribute the minimum amount to your KiwiSaver account each year, so why wouldn’t you? Builtin makes it easy for tradies to sign up to KiwiSaver. This article explains the basics of KiwiSaver.
There’s a big difference between Health Insurance and Income Protection – which should you spend your money on?
It’s not uncommon for people to confuse these two types of insurance and think that they offer similar cover. They don’t! INCOME PROTECTION Provides regular monthly payments to replace your income if you’re unable to work due to illness or injury. Won’t ACC do that?...
8 tips to help contractors reduce bad debt risk
The risk of bad debt is substantial for trade businesses, but not one often considered or well managed. This is especially true for small business owners, who may not have the time or expertise to understand the problem, let alone find solutions. This article has some tips to help reduce bad debt risk in construction.
Can insurance make construction projects run profitably?
There are many ways that a construction project can go pear shaped. Unforeseen events can substantially affect the ability of the parties involved to complete it within time and budget. This article explains the insurance options to reduce the risk of such an event taking your business down.