Contractors Bonds Explained

A COVID-19 related policy change earlier this year saw Kainga Ora begin to accept surety-backed bonds rather than just bank-backed ones. This has great benefits for contractors and accelerates a trend seen across the market towards bonds in lieu of retentions. If you...
Working Out Your Vehicle’s Market Value

Working Out Your Vehicle’s Market Value

Market value is generally defined as the reasonable sale price of the same or a comparable vehicle immediately before the loss, excluding GST and any signwriting, wraps or artwork, but including the value of accessories*.  This value needs to take into account the...
Dial Before You Dig – Two Claim Examples

Dial Before You Dig – Two Claim Examples

Claim 1 – Landscaper A contractor was doing some landscaping work at a client’s property when they accidentally put a shovel through a buried telephone cable. Chorus made the repairs and sent the contractor a bill of $3,000. The landscaper made a claim...