As a builder you face liability for accidental damage to property, the cost of fixing faulty or defective workmanship and the risk of loss or damage to property from theft, fire and natural hazards.
In addition to this, builders have liability for 10 years under the Building Act and have a duty of care under the law to ensure that everything you build is fit for purpose. Mistakes, errors and omissions that result in a loss for your client (or anyone else for that matter) can be messy, and if lawyers get involved will be costly!
It makes sense to ensure you have the right cover in place, cover that is tailored to your unique needs, risks and potential claims as a construction trade professional. Builtin’s liability policies are tailored to the building industry, giving you cover you can’t find anywhere else.
Click on the headings for each section to go to the BuiltIn Insurance website for each offer.
Whether you’re building new or doing an alteration, extension or renovation, your contract and/or the mortgage lender will require that contract works insurance is arranged to cover the work. The policy covers sudden and accidental loss or damage to the works specified in the contract.
Use our quick premium estimator if you need an instant figure when quoting for jobs:
Or request a formal quote from Builtin.
Builtin's Tools Insurance covers the cost of your tools & equipment if they're stolen or damaged. Benefits include replacement value cover, so you can buy new for old, a range of excess options to choose from and fast claims response times, so you can be back up and running quickly.
Public liability insurance covers claims for accidental property damage or loss (and in some cases injury). Our policy includes optional cover for damage caused by faulty workmanship, which is an exclusion under many policies offered by general insurers, and cover for the building you're working on.
Statutory liability insurance covers you for the fines and penalties imposed under New Zealand Acts of Parliament. It also covers the costs of defending these cases in court if necessary. While health & safety fines cannot legally be insured for, the policy will pay legal defence costs if you're prosecuted and reparations if they are awarded by a judge.
Errors and Omissions (E&O) Indemnity is professional indemnity insurance for builders and project managers. It will cover your legal costs and damages if you and/or your business are held responsible for a mistake that has caused someone a financial loss.
Protect your business vehicles anywhere in New Zealand. Comprehensive, Third Party Only and Third Party, Fire & Theft options are available. Builtin's policy automatically includes signwriting at no additional cost.
Builtin's Subcontractors Payment Guarantee pays you 75% of the money you're owed if your head contractor goes bust and leaves you unpaid for work done.
The Homefirst Builders Guarantee is New Zealand’s best and most recognised independently-insured 10 year guarantee for residential construction. It also now protects the builder from their 10 year liability for the cost of fixing future defects. So you can sleep easy!