Articles, Guides, Checklists and Videos
Articles
A better way to manage retentions – with a retention bond
From the 31st of March 2017 retention money withheld by a principal or contractor must be held “on trust” until being released to the subcontractor. Retention bonds offer many benefits for principals, contractors & subcontractors, including improved cashflow and no onerous “on trust” obligations.
Natural disasters & insurance – a timely reminder for builders
A number of issues with contract works insurance arose following the Christchurch earthquakes. These are worth highlighting again now.
Who should arrange contract works insurance?
Whose responsibility it is to arrange construction insurance depends on a number of factors. This 1 minute video and short blog explain it simply.
What responsibility do builders have for faulty products?
The Building Act imposes a number of “implied warranty” obligations on builders. This means builders automatically provide these warranties to their clients when doing any residential building work.
Insuring the key people in your business
Who is your business’ most important person? What would happen to your business if that person was unable to work for a period of time? Small & medium sized businesses, like the majority of Kiwi building firms, generally have one or two people that they depend on...
Liability insurance webinar (YouTube)
Builtin’s liability insurance video is aimed at builders and trade professionals. It discusses liability and liability insurance in the building sector. The full webinar is 28 minutes long.
Insurance basics when starting your own trade business
Most trade businesses start when a builder or tradie, for a whole range of reasons, decides to go out on their own after first working for someone else for a few years. But is your training and experience suitable when it comes to running a business? In this article we outline the insurance basics you need to consider before going out on your own for the first time.
Tools theft is rife, what precautions are you taking?
Recent high levels of tools theft have resulted in a substantial increase in insurance claims. We’re urging all tradies to take extra precautions when on site and to ensure your tools are securely locked away, ideally out of sight from the road at night. What’s...
Contract Works Insurance – what you need to know
There are some common issues with contract works insurance that often catch builders out. Find out what they are in our latest article.