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Articles
Is Planning for Nothing to Go Wrong a Good Business Strategy? Plus, Our Risk Minimisation Checklist for Construction Professionals
Hoping for nothing to go wrong is a common strategy used by many unsuccessful businesses. A more effective strategy used by successful business owners is planning for nothing to go wrong. We’ve developed a checklist to help construction professionals plan for nothing to go wrong in their business.
Builtin’s 8 tips to avoid an unpleasant surprise these holidays
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 eight things you should remember: 1. Secure your sites before you go (and take your tools with you) They're...
The Difference Between Defective Workmanship and Property Being Worked On Cover in Public/General/Broadform Liability Insurance
Insurers in New Zealand have different approaches to the way they cover issues of faulty workmanship. This is particularly relevant for contractors that commonly work on or around other people’s property. Which cover is the right one depends on the type of work you’re doing.
Eliminating Risk for Construction Businesses
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...
Emerging Legal Trends Affecting Construction
The outcome of legal cases is one of the most common ways that the risk profile of any industry can change. Being aware of the implications of Court decisions on your industry and business is an effective risk management practice. The same applies to new legislation...
Do you have the right insurance as a landscaper?
Managing risk as a landscaper is about more than just having the right insurance. You need to have a good risk assessment process and make sure you appropriately manage the risks that are identified.
Are cracks in the neighbour’s property your problem?
The operation of heavy machinery on a building site can cause vibration at nearby properties, with neighbours subsequently looking for and finding cracks in their property. That doesn’t mean that you are responsible for those cracks. This article explains why.
FAQs from ITM’s 2023 LBP Training Days
We answer the questions: what is the Building Defects Exclusion; when should I have contract works insurance; do I need to have both public liability and contract works insurance; are sub-contractors covered by contract works insurance?
Beware the cap on liability in contracts for professional services
A High Court decision in 2021 reaffirmed the effectiveness of limits on liability imposed in the terms and conditions of professional services firms. Why Is This Important? For builders who engage designers, architects, engineers, surveyors and any other professional...