Recent media reports have highlighted volatile trading conditions in the building industry, with concern that these could affect the solvency of many companies. Indeed, we are already seeing a spike in liquidations both here and in Australia. What measures can...
Would it surprise you to know that hire contracts for scaffolding commonly require the builder to accept full responsibility for loss, theft or damage to it? It may even require you to insure the scaffolding during the hire period. So, if you haven’t taken cover out...
Our mission here at Builtin is to help builders & tradies to manage their risk. Our values are centered around going the extra mile to help customers, as well as supporting people working in the construction generally through advice and education about insurance...
Contract works (also known as builders risk) insurance insures your building work in case of accidental damage or loss. The sum insured typically starts with the contract price and then includes an allowance for inflation among other things. But in the current market,...
Contract works insurance commences on the later of the date on the policy or when work starts on site. So, if you have bought materials early they may not be covered if work has yet to begin. With prices rising and supply chains stretched it’s tempting for builders to...
