Shopping for a Builder Public Liability insurance quote? You are on the right page. As you know all insurance policies can be divided into two groups
- Insurance policies which are designed to collect insurance premiums.
- Insurance policies that do in fact help you and protect you as the builder. Ask yourself one simple question- would you want your insurance broker or adviser to help you and assist you during the claim time or would you rather be on the phone talking to an insurance company representative in India or the Philippines? We are located in Auckland, New Zealand and happy to work with you.
From my personal experience as an insurance adviser
It’s often the wife of the builder who is shopping for a Builder Public Liability insurance quote and if this is the case would you please provide your details below in the form and we will get in touch with you shortly. This would allow you to concentrate on more important parts of your life leaving us to worry about your Builder Public Liability insurance quote. We are going to be in touch with you shortly.
Why Builder Public Liability insurance quote today?
You are aware, the new provisions of the Building Act 2004 came into force on 1/03/2012 which requires the licensing for those who provide services in supervising and certifying Restricted Building Work (RBW). Reference for details. This page is designed to help you to get your…
Builder Public Liability insurance quote online
… hassle-free – you concentrate on your business and we look after your insurance requirements, needs and wants.
All building consent applications now fall under the new licensing regime and Councils will not issue a Code of Compliance unless a Record of Work is completed by the appropriate Licensed Building Practitioner (LBP), which incorporates the following trades:
- External Plasterers
- Brick and Blocklayers
- Foundation specialists
Builder Public Liability Insurance
Get online quote Public Liability Insurance
*Premiums for indicative purposes only. Each application is rated subject to work conditions you have. Please submit your application to get exact premiums for your business.
Premium excl GST and it's not available for businesses that
- are involved in commercial developments that exceed $500,000
- have a turnover greater than $2m
- have more than 10 employees
- operate outside New Zealand
- have had insurance declined, cancelled or refused
- have had a claim lodged in the past 3 years
Protect your business consult with insurance professionals
This website is designed to provide you with up-to-date insurance and finance information. If you are a Licensed Builder and right now shopping for a Builder Public Liability insurance quote, this is the right place for you. Please complete the form below and someone is going to be in touch with you shortly. Would you want to get help on your terms provided by insurance professionals? Please get in touch.
What does this mean for you?
If you are licensed and you are reported to the complaints board, a range of penalties could be imposed, which could affect your license. Therefore, it is vital that you are able to defend yourself against a complaint and be able to meet any resulting fines the board may enforce. Builders Public Liability Insurance policy is designed to do exactly that for you and helps you to protect your business.
If you are not licensed and carry out licensed work then any existing Builder Public Liability cover you have is unlikely to respond!
As well as complaints, you could face third-party claims for financial losses incurred as a result of errors or omissions whilst undertaking design, supervision or the completion of the documentation in relation to Restricted Building Work.
The Building Act also contains provisions that could lead to a prosecution in court and the imposition of a fine.
What is the solution?
Because the standard Public Liability and Statutory Liability policies are unlikely to respond to the new exposures above for building firms and tradespeople, we are able to offer an Insurance solution for the defense and settlement of such claims against Licensed Building Practitioners by accessing a policy called
This is a full and comprehensive insurance policy and underwritten by Liability Underwriter Vero Liability.
Under LegalEdge, as a
Licensed Building Practitioner
following risks can be managed:
Business Liability Risks
Liability Insurance covers the insured from 3rd party claims arising from the insured’s negligence causing loss or damages to a 3rd party’s properties, business, reputation or liability for an unintentional breach of a Statute or a professional mistake when providing advice. Liability policies are either “Claims made” or “Occurrence” policies.
Light commercial / rural
Industrial / heavy commercial
policies, such as Professional Indemnity and Directors’ & Officers liability, operate on the basis that cover is provided when a claim is made and notified within the period of insurance regardless of when the claim originally occurred. You are effectively insuring for a 12-month window and the date of the claim and/or circumstance is the trigger.
such as General Public & Products Liability, Statutory and Employers liability and Bailees liability – provide cover when the event that gives rise to the liability claim occurs within the current period of insurance. With Occurrence policies, you are ensuring specific periods of insurance and those periods remain insured for life even if you don’t subsequently renew or replace the insurance cover. The date of the occurrence (damage or injury) is usually the trigger.
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1 Claim example: Legal Liability/ Defective Workmanship Jafa Builders Ltd is constructing an office that they are planning to sell upon completion. Jafa Builders Ltd is funding the materials and labour. They attach an air conditioner to the wall but fail to secure it properly. As the builder connects the electrical supply, the air conditioner Read more →