“It takes on average 18 months to receive settlement of an unsecured debt in the construction industry.” “At the end of the liquidation process almost half of all trade creditors will receive nothing.” These statistics, from a New Zealand-based study conducted in...
No, it’s not your wagon, it’s you and your ability to earn an income. Here are some facts: 4 out of 10 Kiwi men will be off work for at least 6 months at sometime in their life[1] 90% of disability is due to illness not accident[2] ACC only covers accident, not...
Expert advice: getting your commercial motor vehicle insurance right. If there’s one asset a tradesperson will have insured it’s their ute/van/wagon/truck. As an aside, we strongly recommend all builders insure their most important asset: themselves. Loss of earnings...
This does not need to be the case, as there are tools available to reduce your financial exposure when working as a subcontractor. Question: How can tradies protect their retention money? Despite changes to the Construction Contracts Act (CCA), meaning that from 31st...
It’s fair to say that when something goes wrong, how well your insurance responds can be the difference between a good result and a nightmare. Having represented both sides of the equation when it comes to liability claims for builders, Builtin suggests a number of...
