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Customers are more likely to appoint a contractor who provide an Insurance Backed Guarantee for their works
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A Latent Defect Insurer may require Insurance Backed Guarantees are put in place by contractors performing work
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Contractors may be contractually required to provide an Insurance Backed Guarantee by a developer
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Lenders or Funders may insist a developer have Insurance Backed Guarantees provided by their contractors
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An Insurance Backed Guarantee (IBG) is a guarantee given by a contractor to provide peace of mind in case the contractor has ceased trading.
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Contractors can offer guarantees for up to 25 years, but if the contractor was to close down then their guarantee would be worthless.
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An Insurance Backed Guarantee however would honour the contractors guarantee for the remainder the guarantee was valid until.
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Protection throughout the guarantee period
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Almost any kind of work can be covered
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Cover can be provided for up to 25 years
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Cladding
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External Wall installation
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General building works (Excluding Structural works)
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Glazing
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Groundworks (Underpinning / Piling / Drainage)
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Renewables
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Roofing
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Structural Waterproofing / Basement
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Structural Works (Subsidence remediation)
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Timber & Damp works
Plus many more.
If you need to talk to one of our experts directly please call our Sales Hotline on 02476 437 626 or complete the quotation form.
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