A professional indemnity policy must be current at the time you are held liable for whatever it is you are alleged to have done. This is known as a “claims made” policy, because you have to have it in place when the claim is made against you. This differs...
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 seven + one things you should remember: 1. Secure your sites before you go (and take your tools...
Concrete issues: rabbits, discolouration and cracking 1. Our first claim relates to a Timaru driveway that was laid by our client’s subcontractor but rejected by the head contractor as being of poor quality. They had it ripped up and our client and the subbie laid a...
Declined. Not Covered. These are not the words you want to hear when something has gone wrong and you need to rely on insurance to help out. But if you have not regularly reviewed your risk profile and insurance requirements, notified your insurer of changes to your...
Following the leaky homes crisis of the early 2000s (many would say it is still ongoing) insurers wanted to limit their exposure to what they saw as the substantial risk of claims from external water penetration into buildings. They saw this as a risk that was just...
Claim 1 – Electrician In this first claim a customer complained to WorkSafe after being dissatisfied with the work performed by the insured. The complaint was then referred to the Electrical Workers Registration Board. It emerged that the company had not...
