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
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.
The importance of notifying your insurer as soon as you become aware of a potential issue
Recently, a customer of ours was ordered by the Employment Relations Authority (ERA) to pay compensation to a former employee. They only informed us of the situation after the judgment was issued. We lodged a claim with their insurer. Failing to notify your insurer as...
Avoiding Defective Workmanship Issues (and how the insurance for this works)
This 5 minute read headlines the top 5 ways to reduce the risk of defects and explains how the three types of defective workmanship insurance work.
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