In the wake of the Stonewood Homes Christchurch collapse a specialist trade insurer is urging all building subcontractors to take out insurance to protect themselves from the cost of such an event. Builtin New Zealand, a boutique insurance provider that specialises in...
New Building Act rules that came into force on the 1st of January 2015 require builders, among other things, to declare to customers the insurance and guarantees they have, including limits and “relevant exclusions”. As it stands it’ll be up to individual builders to...
Unless you’ve been living under a rock you’ll be aware that legislation has recently been passed that will increase the responsibility of businesses, directors, managers and workers to manage health & safety at work. This legislation is expected to come into force...
Indemnity insurance is the fastest growing type of cover for builders and we’re fielding more and more calls asking if they need it. This article will explain what it is and what it does and doesn’t cover. Hopefully this will help you decide if it’s something...
In our final article in this series on managing risk for trade businesses we focus on the risk of something happening to key people in the business (that means you). FOUR AREAS OF RISK Property Liability Financial Personal/Family Is your business’s most valuable asset...
In this article we focus on financial risk to building businesses. FOUR AREAS OF RISK Property Liability Financial Personal/Family Unfortunately, it is a fact that over half of all New Zealand construction businesses will have failed after just four years*. The...
