by Ben Rickard | Nov 17, 2024 | Insurance
Public liability insurance (also known as general or broadform liability) covers accidental damage or loss to another person’s property that you are responsible for. If the property that gets damaged is owned by you, then it’s not covered. This can in some cases...
by Ben Rickard | Nov 1, 2024 | Insurance, Risk Management
NZI issued a bulletin recently following a review of their Cyber claims. This has shown an increase in the number of incidents where a business has transferred funds to a Threat Actor, rather than the intended recipient. Banks are sometimes able to freeze these...
by Ben Rickard | Oct 21, 2024 | Insurance
Ben Rickard, construction risk specialist at Builtin Insurance Brokers, outlines how they saved big bucks for one new customer. Background JFC Pumps is a well known and highly reputable Christchurch-based concrete pumping company. Its managing director, Tim Johnstone,...
by Ben Rickard | Aug 7, 2024 | Insurance
Contract works insurance, also known as contractors’ all risk or builders risk insurance, is designed to protect the construction project from physical loss or damage. This typically includes the work in progress and materials on-site. However, one area of...
by Ben Rickard | Jul 10, 2024 | Insurance, Other
Following the leaky homes crisis most public/general liability policies in New Zealand include a Building Defects Exclusion. Read more about that here: Be Aware of the Building Defects Exclusion. Essentially, it excludes claims related to water penetrating the...
by Ben Rickard | May 19, 2024 | Insurance
Below are six recent cases of fines imposed under legislation. All of them are relevant to construction businesses and highlight the high cost of unforeseen breaches of legislation. Bully Boss Fined $40,000 This one happened in Australia, but they have very similar...
