Whether you’re a builder, owner builder, renovator, tradesman or other building industry professional you know all too well that many factors can affect the way your business operates – local councils, neighbours, clients, the weather – the list goes on. “Hoping for the best, but planning for the worst” is the only way to survive in a competitive environment.
The nature of construction work often means that you, your business or employee’s are often exposed to a wide range of risks. Whether it’s accidental damage to someone’s property, flood or weather damage, theft, contractual penalties or in the worst case, risks of injury to you and your employees – there’s no real way to anticipate what could go wrong. There is a solution, however, to help manage these risks, and that’s by making sure you are adequately insured.
Even at a base level, as a registered building practitioner, you must have the appropriate insurance coverage for your registration category/class. The Building Practitioners Board (BPB) requires evidence you have an active comprehensive insurance policy before it will grant your application for registration or registration renewal.
At Adroit, we offer a range of specialist insurance options for those in the construction industry tailored to you as well as the individual needs of your particular business. Our specialised team of brokers will simplify and demystify the options available, and work with you to create the perfect blend of coverage based on your needs and budget.
Successful businesses are built on successful relationships, and that’s why we aim to always be approachable and responsive – as your business grows and evolves, we’re with you every step of the way. We know that builder’s businesses don’t always operate during regular business hours, so we are available around the clock.
Get in touch today!
With any luck, you haven’t been put in a position where you’ve had to lodge too many insurance claims. But in the event things do go wrong, rest assured knowing your insurance broker is there to make the claims process as painless as possible.
One thing you might be wondering is what you’ll need to have on hand when you do need to make that call to your broker. We’ve put together this handy guide to help you be prepared for a few standard questions they’ll have.
-The 4 W’s
Who, What, When & Where. You’ll want to have details of who was involved, what you’re claiming on, what happened, when it happened and where it happened.
If you have them, photos can be crucial to your claim. In the case of property damage, you’ll need to provide as much visual proof as possible.
Hold onto receipts for expensive items (scanned copies are sufficient). These can be critical to the smooth running of your claim and sometimes your policy will require proof of purchase in the case of theft or damage.
Your broker will do the legwork for you in terms of processing the claim, but having these things on hand will speed up the process (making it less likely that they’ll have to ask for them later!) Of course, each claim is different, that’s why having a dedicated broker is so important. They know your policies and your needs and can tell you what you may need that’s unique to your case.
Insurance claims are naturally made at a stressful time in your life. Whether it’s a minor fender-bender or something more serious it’s not a time when you want to be put on hold or waiting days to hear a response to your claim.
As part of our series on business interruption insurance, we’d like to share with you a case study. We think this real-life scenario highlights the crucial need for all businesses to take up interruption cover, as it shows us that business can be pretty unpredictable and – as sad as it may seem – you need to be prepared for the worst.
As we said in our last blog post, business interruption insurance provides much needed peace of mind for business owners facing unforeseeable roadblocks.
We absolutely recommend taking up interruption cover for your business and when you do, here are 4 things to consider with your broker to get the best possible cover.