We often hear from builders who want to make sure they're "covered for everything". Unfortunately, protecting yourself from every possible event is, like life, simply not possible. Like life, insurance is a balance between risk and cost. However, there are some risks...
Financial failure is the most common reason a building company ends up in liquidation. That’s why it’s critically important that builders have a good handle on the key financial indicators of their business. Here are the top 7 numbers you should be familiar with.
Once again MBIE is looking into the feasibility of making it compulsory for builders to take out insurance. Insurance to protect homeowners that is. This approach is common in Australia, where individual states require builders to be licensed and take out insurance...
Once again MBIE is looking into the feasibility of making it compulsory for builders to take out insurance. Insurance to protect homeowners that is. This approach is common in Australia, where individual states require builders to be licensed and take out insurance...
The Building Act imposes a number of “implied warranty” obligations on builders. This means builders automatically provide these warranties to their clients when doing any residential building work.
The recent announcement from the Certified Builders Association that it is now mandatory for all members to give their clients an independent 10 year guarantee for work above $30,000 brings them into line with similar requirements for Master Builders. So are they just...
One of the most common questions we’re asked by builders is to explain the difference between their responsibility to guarantee their work for 10 years under the Building Act and the cover provided by a 10 year Homefirst, Certified Builders or Master Build Guarantee.