Articles, Guides, Checklists and Videos
Articles
The Dangers of Hot Work and How to Avoid Causing Damage
Understanding the dangers of hot work such as welding, cutting and grinding, and implementing preventive measures is crucial to ensuring safety and avoiding damage.
Mental Wellbeing from a Business Risk and Insurance Perspective
There are two sides to the mental wellbeing coin for business owners. That of their workers and that of themselves. Looking after both is equally important! Business Owner Wellbeing Stress is a key cause of poor mental health for business owners. Ultimately, much of...
Derisking Your Construction Business + Construction Sector Outlook in 2024 – Webinar Video
The video recording of Builtin’s Derisking Your Construction Business webinar from April 2024.
Risk Management and Insurance 101 for Building Apprentices
As an apprentice working for a builder, hopefully on wages and not as a contractor, you have less to worry about than the business owner. But if your plan is to go out on your own one day it pays to have at least a basic understanding of the risks you will need to manage, and what sort of insurance package you might need.
Three construction companies ordered to pay more than $675,000 after two worker deaths
Three companies working in the construction sector have been sentenced for two separate incidents that each resulted in the tragic death of a young worker.
De-risking Your Construction Business in 2024
The content and video from our “derisking your construction business in 2024” seminar.
2024 Construction Sector Risk Outlook
In our annual outlook for the New Zealand construction sector we outline what we think the sector is going to experience over the coming year The report includes what you can do to both be prepared for threats and take advantage of opportunities.
How much will a liability policy pay if you cause damage to someone’s property?
Public liability insurance covers the loss someone else has suffered that you’re responsible for. But, it will only cover the actual value of the damaged item, not the cost to replace it with a new one. That can leave a gap between what you’re liable for and what the policy covers. That’s why it’s best for these claims to first be made on the building or contents insurance, as those policies pay replacement value. That insurer will then seek to recover their loss (the full replacement value) from you and your liability insurance will cover this whole amount (since that is the amount of the loss the insurer has suffered). The homeowner’s excess will be covered too and they won’t have an adverse claim history either, since their insurer was fully reimbursed for the claim.
Should I claim on public liability or contract works insurance?
It’s not uncommon for accidental damage to potentially be covered under both contract works and liability insurance. Generally, this comes up when a sub-contractor has caused damage to other parts of the work in progress. Which policy should the claim be made on?