by Ben Rickard | Dec 21, 2016 | Insurance
Any subcontractor who has had to agree to have retentions withheld from their invoices will have experienced the trepidation that comes with worrying if they’ll ever see that money again. Indeed, many find recovering it once their defects liability period has ended a...
by Ben Rickard | Dec 8, 2016 | Insurance
As a result of the recent Kaikoura earthquake, aftershocks, and a heightened risk of more activity New Zealand’s major insurers have created a “restriction zone”, within which there are significant limitations on the availability of new insurance. This is largely due...
by Ben Rickard | Nov 1, 2016 | Insurance
As a builder, when is insurance your responsibility and when is up to your customer to arrange? The simple answer is that it depends on a number of factors. Getting it wrong could end up costing you big time, so it’s important you understand how it works. Firstly,...
by Ben Rickard | Oct 19, 2016 | Guarantees, Insurance
The Building Act 2004 imposes a number of “implied warranty” obligations on builders. This means builders automatically provide these warranties to their clients when doing any residential building work, regardless of what it says in your contract. If you breach these...
by Ben Rickard | Oct 5, 2016 | Insurance
Who is your business’ most important person? What would happen to your business if that person were unable to work for a period of time? Small & medium-sized businesses, like the majority of Kiwi building firms, generally have one or two people that they depend on...
