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
Get Protected Today
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
The cashflow benefits of premium funding
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.
Scammers are targeting insurance payments
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.
What’s likely to happen with insurance premiums in 2023?
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.
Get Expert Risk Management Consultation
Ensure your construction business is safeguarded with tailored risk and insurance strategies. Contact us today for a personalized consultation.