Ben Rickard, construction risk specialist at Builtin Insurance Brokers, outlines how they saved big bucks for one new customer. Background JFC Pumps is a well known and highly reputable Christchurch-based concrete pumping company. Its managing director, Tim Johnstone,...
Contract works insurance, also known as contractors all risk or builders risk insurance, is designed to protect the construction project from physical loss or damage. This typically includes the work in progress and materials on-site. However, one area of concern...
Following the leaky homes crisis most public/general liability policies in New Zealand include a Building Defects Exclusion. Read more about that here: Be Aware of the Building Defects Exclusion. Essentially, it excludes claims related to water penetrating the...
Below are six recent cases of fines imposed under legislation. All of them are relevant to construction businesses and highlight the high cost of unforeseen breaches of legislation. Bully Boss Fined $40,000 This one happened in Australia, but they have very similar...
Roofing is a high-risk trade, with numerous hazards that can lead to insurance claims. Roofers face unique challenges, from working at heights to dealing with hazardous materials. Here are some of the most common liability insurance claims from roofers, with examples....
Public/general liability insurance is crucial for construction businesses, where the risk of causing damage to someone else’s property is relatively high. For builders, understanding the nuances between “property being worked on” and “property...
