Insurance Backed Guarantees

Insurance Backed Guarantees

An Insurance Backed Guarantee (IBG) is an insurance policy designed to offer additional peace of mind in the unlikely event that a contractor/builder who has carried out works ceases to trade following completion of those works. The IBG supports the original guarantee provided by the installer for a period of up to 12 years. An IBG is generally used to provide cover for component parts of a building, often the basement, tanking and waterproofing systems, piling systems, external cladding, insulation, and roofing systems (flat or otherwise).

The IBG enables the contractor to fulfil contractual obligations required by building owners and main contractors, to provide vital protection and security and can be passed to future owners.

As specialists in this sector, we will be happy to guide you through the process of arranging Insurance Backed Guarantees (IBG).

Who should be interested;
• Property Developers;
• Property Owners;
• Main Contractors;
• Sub-Contractors;
• Installers and Approved Installers;
• Associated professionals – Project Managers, Architects, Structural Engineers;
• Funders;
• Component providers who are interested in differentiating their product from their competition with the provision of an Insurance Backed Guarantee 

The benefits to you...

Provides vital protection and security for building owners, funders, and future owners

Enables the contractor to fulfil any contractual obligations required by building owners and main contractors

Covers are available for up to 12 years

Reassures customers that the contractor’s work meets the insurer’s standards

Contact one of our specialists today, we will be happy to help you.

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