Articles, Guides, Checklists and Videos
Articles
Builtin’s Risk Management & Insurance Talk at ITM’s LBP Training Days
This 20 minute video covers the key insurance policies builders need to consider, what they cover and what the gaps are. Insurance is just one part of a broader practice of risk management that business owners need to prioritise. This could involve training, systems, professional service partners, policies and processes. The aim is to ensure every risk is identified, quantified and managed in some way, so there are no surprises!
The Holy Grail for all Business Owners – Eliminating Risk & Uncertainty
Imagine a world where you could run your business without worrying about anything unexpected coming along to knock you off track. No economic downturns, no new government regulations, no natural disasters, no accidents on site, no nightmare customers, no staffing...
Work out the value of your tools
Most builders tools are undervalued and underinsured. Use our smart tools inventory to work out how much your stuff is worth, record evidence of ownership and keep it updated as you buy more.
Managing Risk and Insurance Basics for 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.
Proving ownership of your tools & equipment in case of an insurance claim
Too frequently we're managing tools insurance claims where payment is delayed while the customer tries to dig up proof of ownership of the stolen items. A little bit of preparation will save a ton of time and effort if a claim ever does need to be made. Here are some...
Boardroom Risk Management 101 for Construction Companies
One of the most critical responsibilities for any board of directors is to anticipate and manage potential risk to the business. For this reason we advocate for a broader “Business Risk” board meeting standing agenda item, under which health & safety would sit alongside a number of other areas of risk.
What insurance is required when doing renovations?
Managing the risk that comes with doing building work is an important part of any project. Builders need to be aware of all the risks associated with the job and take steps to mitigate them. Ensuring the right insurance is in place is one part of that risk management plan.
The cashflow benefits of premium funding
With inflation eating into disposable incomes along with a reduction in demand across the construction sector, trade businesses are starting to feel the squeeze on their finances. A monthly premium funding agreement is a good way to manage cashflow by spreading your insurance costs throughout the year.
Scammers are targeting insurance payments
With the volume of payments being made by insurers, especially following the recent flooding and cyclone events, it is inevitable that these will be the target of scammers, both online and more traditionally.