Protecting your risk as you help to shape Auckland’s fast-changing skyline

If you live or work in Auckland or visit the city regularly, one thing you can’t avoid noticing is all the construction and infrastructure development work that is happening in and around the city. Not to forget too, the signs of construction work going on even below the surface, in the shape of the Auckland rail loop, which is said to be one of New Zealand’s most audacious infrastructure projects yet.

Auckland is well and truly in the midst of a multi-billion dollar construction boom, the likes of which hasn’t been seen here for decades. From rail to roads and other infrastructure projects, to the construction of new buildings and the redevelopment of others – it’s all happening in and around Auckland.

Furthermore, there’s still a massive amount of work in the construction pipeline ahead. Building consents having almost tripled this year since 2011 and over 300 cranes are already hard at work around the city. This is an increase of over 200% on the number dotting the skyline as recently as 2014.

Maintaining the viability of the country’s growth engine
Whether we like it or not, it’s a fact that Auckland is one of New Zealand’s major growth engines. To enable it to keep doing that job successfully, it needs to be able to grow. Therefore, to a significant extent, the development taking place in Auckland is attributable to the much-talked-about population growth happening here.

However, central Auckland is faced with ever-increasing numbers of people coming to live, work and study. Residential growth in this part of the city is many times greater than even the rest of the Auckland region, which itself is still under enormous pressure to accommodate the growing influx of people.

As a result of all this development, Auckland will soon have a markedly different skyline to what it has today, as a whole array of dazzling new skyscrapers take shape, providing much-needed residential and commercial office space.
While all this construction work can at times be unsightly and make things a bit awkward for getting around the place, it’s always good news for anyone involved in the construction industry, with projects and jobs galore.

Specialist business insurance solutions for the construction industry
Anyone running a business in the New Zealand construction industry, and who wants to remain a viable player in the sector, needs to be prudent about both protecting their assets and covering their legal liabilities with the right insurance cover. Managing risk properly is always part and parcel of being a successful player in the construction industry.

In fact, many clients of Bonded NZ, a provider of specialist insurance services for the New Zealand market, including the construction industry, are successfully operating their businesses right in the thick of all the Auckland construction work, as either main contractors or sub-contractors.

Bonded NZ specialises in risk insurance for the construction industry. So, if you need to take out insurance on a construction project that you’re working on, then get in touch with the team at Bonded NZ. We offer all our clients expert advice on how to manage their risks and the cost-effective options available to them for doing so. So, for a professional and informed discussion about the options open to you for protecting your construction business get in touch with Bonded NZ today.