It’s not uncommon for people to confuse these two types of insurance and think that they offer similar cover. They don’t! INCOME PROTECTION Provides regular monthly payments to replace your income if you’re unable to work due to illness or injury. Won’t ACC do that?...
The recent collapse of EBERT Construction has brought into the open a well known problem within the construction industry: margins are often too narrow to provide contractors with a financial buffer to absorb costs if something unexpected happens. When any business...
There are many ways a construction project can go pear shaped. Unforeseen events can substantially affect the ability of the parties involved to complete it within time and budget. There are two broad categories of risk that may affect a construction project: Physical...
At Builtin we think that the more our clients, and indeed all trade contractors and professionals, understand their cover and how insurance works, particularly when it comes to making a claim, the better their experience of it will be. That’s why we’ve written this...
One of the most common questions we get asked is what insurance a builder (or sparky, plumber, roofer, tiler etc) should have. Everyone wants what we call the “Goldilocks Package”: not too little, not too much, but just the right amount. Below is a summary of our...
Every building project involves risk (as does everything in business and in life). The risk may be higher or lower, depending on a whole range of factors, and you will need to eliminate, isolate or minimise these risks through a range of measures. One thing you must...
