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Articles
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.
10 things tradies should know about insurance
At Builtin we think that the more our clients, and indeed all trade contractors and professionals, understand their cover and how insurance works, particularly when it comes to making a claim, the better their experience of it will be. That’s why we’ve written this...
Seven numbers that will prevent you from going bust
Financial failure is the most common reason a building company ends up in liquidation. That’s why it’s critically important that builders have a good handle on the key financial indicators of their business. Here are the top 7 numbers you should be familiar with.
The Goldilocks Insurance Package
One of the most common questions we get asked is what insurance a builder (or sparky, plumber, roofer, tiler etc) should have. Everyone wants what we call the “Goldilocks Package”: not too little, not too much, but just the right amount. Here’s what our Goldilocks Insurance Package includes.