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Errors & Omissions (E&O) Indemnity Instant Quote

Errors and Omissions (E&O) Indemnity costs less than you may think, and it could save you thousands of dollars in legal fees & damages. So use this simple online instant quote to work out what it’ll cost you:

Quote
  
Your Details    
  Name of your business or company  
  Your email address
(our preferred method of communication) 		 
  Area of your operations  
  Main trade / occupation  
  Your target market? Residential Commercial Both  
  If you have selected Both then, please enter percentage?
Residential %
Commercial %
 
       
Business Details    
  Trading style  
  Number of principals and employees  
       
Cover    
  Errors & Omissions cover –  limit required  
  Maximum turnover past 12 months  
  Estimate maximum turnover next 12 months  
  Do you wish to take Run Off Cover, if no longer trading? Yes No  
  If Yes, when did you cease trading?  
  Do you wish to include a Reinstatement in the event of a claim? Yes No  
  Names of up to two LBPs to be automatically covered by the License Defence Costs clause    
  LBP Name 1  
  LBP Name 2  
  Do you wish to include LBP Defence Costs for additional employees? Yes No  
  LBP Name 3  
  LBP Name 4  
       
Other Details    
  How did you find out about
Builtin Errors & Omissions (E&O) Indemnity?		 I am a Certified Builder
Through a Certified Builder
Google or other Search Engine
Advertising
Other
 
       
 

CLAIMS PAYING RATING

CBL Insurance Limited has a rating of BB+ provided by Standard and Poor's (Australia) Pty Limited on 10 May 2011 .

The Insurance Companies (Rating and Inspections) Act 1994 requires Insurers (other than certain exempt Insurers) to obtain a claims paying rating.   The following ratings may be used by Insurance Companies. An insurer rated ‘BBB’ or higher is regarded as having financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments.

Standard and Poor's (Australia) Pty Limited

Superior Excellent Good Adequate Maybe Adequate Vulnerable Extremely Vulnerable Regularity Action
AAA AA A BBB BB B CCC R

Plus (+) or minus (-). The ratings for 'AA' to 'B' may be modified by the addition of a Plus or Minus sign to show relative standing within the major rating categories.

Freephone

0800 BUILTIN

bi-list_arrow_grey.pnginfo@builtinnz.co.nz

Run Off Cover

Option to continue cover when business ceases.

Even though you may no longer be trading, you could still be liable for up to 10 years. This extension provides cover at reduced cost during this "run off" period.

One Automatic Reinstatement of the Limit of Liability

Option to automatically reinstate Limit if a claim is paid.

If a claim is made the Limit will be reduced by the amount of the claim paid. This extension allows you to immediately return to the full original limit.

Defence Cost Cover for Breach of Statutory Obligations (LBP Defence Costs)

The policy automatically includes defence costs cover for up to two named LBPs.

Option to cover legal costs for defending additional nominated LBP employees from proceedings brought by the Licensed Building Practitioners Board to revoke your license.

Yours and your employees' Licences are vitally important these days, because without them you can't do restricted building work. This extension will pay the costs of action to keep those licenses, so you can continue to build.