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Will 10 year builders warranty insurance soon be compulsory?

Will 10 year builders warranty insurance soon be compulsory?

by Ben Rickard | May 8, 2017 | Guarantees

Once again MBIE is looking into the feasibility of making it compulsory for builders to take out insurance. Insurance to protect homeowners that is. This approach is common in Australia, where individual states require builders to be licensed and take out insurance...
What responsibility do builders have for faulty products?

What responsibility do builders have for faulty products?

by Ben Rickard | Oct 19, 2016 | Guarantees, Insurance

The Building Act 2004 imposes a number of “implied warranty” obligations on builders. This means builders automatically provide these warranties to their clients when doing any residential building work, regardless of what it says in your contract. If you breach these...
Should builders have to give an independent 10 year guarantee to their clients?

Should builders have to give an independent 10 year guarantee to their clients?

by Ben Rickard | Mar 22, 2016 | Guarantees

The recent announcement from the Certified Builders Association that it is now mandatory for all members to give their clients an independent 10 year guarantee for work above $30,000 brings them into line with similar requirements for Master Builders. So are they just...
10 Year Builders Guarantees vs Consumer Protection Law – What’s the Difference?

10 Year Builders Guarantees vs Consumer Protection Law – What’s the Difference?

by Ben Rickard | Apr 14, 2015 | Guarantees

One of the most common questions we’re asked by builders is to explain the difference between their responsibility to guarantee their work for 10 years under the Building Act and the cover provided by a 10-year Homefirst, Certified Builders or Master Build Guarantee....
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