Navigating Risks in Construction: Your Ultimate Guide
Discover essential strategies to manage risks and secure the right insurance for your construction business.
Why Risk Management is Crucial for Your Success
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Don’t let unforeseen challenges derail your projects. Ensure your peace of mind with tailored insurance solutions.
Navigating the Complexities of Risk Management and Insurance in Construction
You are probably not a project manager (according to your insurer) but you might be a developer!
We recently helped a new customer change insurer (and broker) after it was discovered that they had been insured, incorrectly, as a project manager rather than a building contractor. It turns out if that customer had needed to make a claim (which fortunately they...
Is it my problem if my customer fails to arrange contract works insurance? (Hint: yes it could be)
We've had a number of queries recently from builders (and it’s a regular question) asking what happens if their customer doesn’t arrange contract works insurance on a renovation or alteration. As most of you should know by now, when a project involves working on an...
How to protect yourself from non-payers
Customers not paying came in as the number one risk in Builtin’s 2024 nationwide survey builders. This is a significant contributor to another risk in the top 10 – cashflow issues leading to financial strain on the business and the people who rely on it. Here are some suggestions that, if properly implemented, will significantly reduce the likelihood and/or cost of a customer defaulting on their debt.
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Ensure your construction business is safeguarded with tailored risk and insurance strategies. Contact us today for a personalized consultation.
