What is an Insurance Backed Guarantee?
An Insurance Backed Guarantee or ‘IBG’ is an Insurance Policy that will honour the terms of the original contractors warranty for both Workmanship and Products should they cease trading. Most commonly the guarantee is for a period of 10 years.
How Does An IBG Work?
The customer will receive the Contractors Warranty and our Insurance Policy. This gives the customers complete peace of mind that in this event of the workmanship or products they have installed becoming defective then the Insurance Company will honour any claim covered by the original guarantee should the Contractor not be able to.
Can I Get a Retrospective IBG?
The answer to this is Yes, we can issue them retrospectively and are often asked to do this when someone is selling their home and the works they had done require one for the new home owner and their mortgage company. We can even find a solution if the builder has already ceased trading.
Your word is your bond.
Many Contractors will provide written guarantees on their work, this in itself is commendable however what would happen to their customers, should a business have to cease trading? In these ever-changing times and economic climate, there is such always uncertainty, so, backing up their own written guarantee with an Insurance Backed Guarantee further enhances their credibility.
Can I get an Insurance Backed Guarantee?
Yes! We are able to provide IBG’s for all companies new and old including sole traders, our expert staff will guide you through or quick and simple process making the application easy and hassle free.
My Structural Warranty provider requires an IBG
Almost all Structural Warranty providers exclude flat roofs and tanking from their cover and you will be required to provide an Insurance Backed Guarantee for flat roofing and basement tanking to fulfil the quote obligations. We work with most warranty providers to offer cover in these areas and our policies are sufficient to bridge this gap.
Do We Charge Membership Fees?
NO, we do not believe in membership fees. We can issue our Insurance Basked Guarantees on a single project or for every job, you decide how often you want to use us.
Other Types of Guarantee Insurance we are Frequently Asked To Provide Cover For Include:
Roofing Insurance Backed Guarantee
Basement Tanking
Piling
Residential Refurbishment
Commercial Refurbishment
Loft conversions
Solar panels
Damp Proofing
Insurance Backed guarantee for roofing works
Commercial Glazing