Insurers in New Zealand have different approaches to the way they cover issues of faulty workmanship. This is particularly relevant for contractors that commonly work on or around other people’s property. Which cover is the right one depends on the type of work you’re doing.
Managing risk as a landscaper is about more than just having the right insurance. You need to have a good risk assessment process and make sure you appropriately manage the risks that are identified.
We answer the questions: what is the Building Defects Exclusion; when should I have contract works insurance; do I need to have both public liability and contract works insurance; are sub-contractors covered by contract works insurance?
Most builders tools are undervalued and underinsured. Use our smart tools inventory to work out how much your stuff is worth, record evidence of ownership and keep it updated as you buy more.
As an apprentice working for a builder, hopefully on wages and not as a contractor, you have less to worry about than the business owner. But if your plan is to go out on your own one day it pays to have at least a basic understanding of the risks you will need to manage, and what sort of insurance package you might need.
Too frequently, we’re managing tools insurance claims where payment is delayed while the customer tries to dig up proof of ownership of the stolen items. A little bit of preparation will save a ton of time and effort if a claim ever does need to be made. Here...
Managing the risk that comes with doing building work is an important part of any project. Builders need to be aware of all the risks associated with the job and take steps to mitigate them. Ensuring the right insurance is in place is one part of that risk management plan.
With inflation eating into disposable incomes along with a reduction in demand across the construction sector, trade businesses are starting to feel the squeeze on their finances. A monthly premium funding agreement is a good way to manage cashflow by spreading your insurance costs throughout the year.
With the volume of payments being made by insurers, especially following the recent flooding and cyclone events, it is inevitable that these will be the target of scammers, both online and more traditionally.
2023 has already seen the largest volume of weather-related insurance claims in New Zealand’s history, with claim losses exceeding 2022, which was also a record year. These, along with and other factors, are contributing to significant increases in insurance costs.
Three reasons it's important to get the details of the other driver in a vehicle accident This might seem obvious, but when Police attend an accident you may be fooled into thinking that they have it all in hand. Or if the other party (or a witness) takes your details...
What liability does a builder face for failures in the design of a construction project?
