Recently, one of our customers asked a very good question about insurance claims on trailers that are loaded in excess of the manufacturer’s specification. He noted the following exclusion in his commercial vehicle policy: Overloaded vehicles This policy does...
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...
NZI issued a bulletin recently following a review of their Cyber claims. This has shown an increase in the number of incidents where a business has transferred funds to a Threat Actor, rather than the intended recipient. Banks are sometimes able to freeze these...
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...
