Epi 201: The Hidden Policy Clause DESTROYING Top Builders

Ben is the director of Built-in Insurance Brokers, a firm exclusively protecting the construction industry from catastrophic financial loss. He exposes the fatal gaps in generic retail liability policies, explaining how a simple occupation mismatch or the standard "building defects exclusion" can leave you completely uninsured against million-dollar leaky home lawsuits. Owen and Ben also break down the operational risk of underinsuring your tools against floods. They detail the exact administrative process required to force homeowners to secure their own contract works cover before your crew steps on site for a renovation. If you want to access the free Top 10 Risk Review checklist or schedule a zero-obligation insurance audit to see what you are actually covered for, visit their website at https://builtininsurance.co.nz/ 🕒 Timestamped Key Points00:00 The 900 thousand dollar leaky home lawsuit05:00 Why online retail insurance policies fail on site08:00 The danger of underinsuring your tools against floods10:00 Why homeowners must buy contract works insurance13:00 Securing proof of cover before starting renovations15:00 The reality of the building defects exclusion20:00 Why roofers have zero cover for water ingress26:00 Matching your exact occupation to your liability policy28:00 Auditing your site risk with a specialist broker *** The Professional Builder has helped over 3,100+ building companies around the world get more Profit, more Time and Succeed in Selling their Business. https://tinyurl.com/tpb-yt Subscribe to our channel for weekly, actionable insights. Tailored to help you grow a profitable construction business. Want to Join our coaching program? Or just speak to one of our team to see if it's the right fit for you? Hit the link below. Everything you need is there! https://tinyurl.com/tpb-ythttps://www.facebook.com/groups/TPBmember: https://www.facebook.com/TheProfessionalBuilderSee omnystudio.com/listener for privacy information.