Articles tagged with Professional Indemnity Insurance
New Home Consents Surge Past 40,000, Boosting Jobs and Construction Growth
2 weeks ago | 203 viewsMore than 40,000 new home consents were granted in the year to June, marking a 19% increase and signaling a positive turnaround for the building sector after recent declines. The government is implementing reforms such as reducing red tape, allowing trusted overseas building products, and introducing mandatory inspection targets to boost construction activity and job growth. Significant legislative changes include replacing joint liability with proportionate liability, enhancing homeowner protections, consolidating Building Consent Authorities, and fast-tracking consents for sustainable homes.
Tags: Chris Penk Building and Construction Minister Stats NZ SEEK Building Consent Authorities home warranties professional indemnity insurance building inspection sustainable featuresGovernment Introduces New Building Consent Reforms to Protect Owners and Boost Productivity
9 months ago | 785 viewsThe Government is reforming the building consent system by replacing joint and several liability with proportionate liability, ensuring each party is only responsible for their own work to speed up consents and protect ratepayers. New safeguards include mandatory professional indemnity insurance for designers, compulsory home warranties for most new residential builds and significant renovations, and strengthened disciplinary penalties for Licensed Building Practitioners. These measures aim to enhance accountability, protect building owners, and make the building process faster, easier, and more affordable, with legislative changes expected by 2026.
Tags: Chris Penk Licensed Building Practitioners Ministry of Business Innovation and Employment Building Amendment Bill New Zealand Government Building and Construction Minister Building Act Home warranty Professional indemnity insurance Building consent system