Insurance backed guarantee

Get Free Quotations Online! What is an insurance backed guarantee (IBG)? Can work be covered under an insurance backed guarantee? Is the roofers public liability insurance backed guarantee?

An insurance backed guarantee provides valuable consumer protection for homeowners and increases customers confidence that the installer is reliable and trustworthy. Although a workmanship guarantee sets out the installing contractors obligation to rectify defects in the installation carried out, unfortunately this does not guarantee that they will always be around.

Liquidation or Bankruptcy. How Construction Insure helped What we did at Construction Insure was use a good A rated insurance company to put this guarantee in place. This will cover 25% of the total contract value and is ordered at the start of work.

They are ordered via the office by the contractor. Only use a company or contractor who will provide you with a home improvement guarantee – with the paperwork to prove it. An IBG, or insurance backed guarantee, is an insurance policy that provides cover for a guarantee in the event the company that issued the guarantee ceases to trade.

IBGs are not guarantees themselves but insurance products that back guarantees. Insurance For Marketing And Media.

Our home improvement insurance backed guarantees (IBGs) provide valuable financial protection in the event an installation company or contractor ceases to trade and is unable to honour their written guarantee. Welcome To Insured Window Guarantees.

IWG are recognised within the window industry as a preferred provider of insurance backed guarantee s and deposit protection policies. Experts In Small Businesses. Up To 75% Cheaper Than Any Dealer. Subject to receiving a valid insurance policy and as per the TC’s enclosed within the policy document.

Some contractors like to give these to their customers as a unique selling point or added benefit of using them to do the work. GGFi also protects your deposit. WHAT IS DEPOSIT PROTECTION? Once a member has joined IWG, they are able to issue deposit protection and insurance backed guarantee certificates online.

Alternatively IWG can manually issue certificates for the member. Registered in England. The Underwritten Warranty Company Ltd is authorised and regulated by the Financial Conduct Authority.

In an ideal worl your installer will always be there to take care of any problems that may arise over the period of the guarantee they provided you with. Our insurance-backed guarantee is underpinned by an insurance policy in the name of Network VEKA covering our liabilities under our guarantees.

It is insurance - backed and it lasts up to ten years. These give our client’s both additional peace of min as well as an increased level of cover which some mortgage lenders may require before proceeding to release funds. This offers peace of mind to all parties that if there are any defective works or the contractor ceases to trade, the insurer will honor any valid claims.

The insurance backed guarantee is provided free of charge by the contractor with the insurance premium paid for by the contractor – thereby showing a financial responsibility to protect their clients whatever the future holds and to show them that they can have complete peace of mind when hiring them to make their home improvement projects a reality. That’s why we created the Homes Improvements Guarantee.

CGS insurance backed guarantee s are designed to protect property owners – your customers – against defects which would normally be covered by your own written guarantee in instances where you cannot honour that guarantee yourself, as a result of having ceased to trade. We are so confident in the quality of our work that we offer a 30-year Guarantee for all the chemical and timber treatments we carry out.

This includes treatment for woodworm, dry rot, wet rot and damp issues. An IBG comes into force if a claim is made on the installer’s guarantee when the installer is no longer trading, and therefore not in a position to honour the guarantee. Mila and some of its key staff.

The GPT ( Guarantee Protection Trust) is a completely independent company, formed by the BWPDA members to provide fair, transparent insured guarantees protecting property owners from inadequate treatment guarantees that may be available in the market place.