Our policies provide valuable protection for both you and your as business owners and customers know that their interests are protected should your business cease trading.
An IBG can work as a preventative measure that can provide you a peace of mind in the long-term your company stop trading for whatever reason.
Our Insurance Backed Guarantees can provide you with bespoke protection for up to 10 years or more depending on your needs and circumstances.
Our Insurance Backed Guarantee (also known as Insurance Backed Warranties) cover insures your business/company from the original guarantee provided by a contractor or installer regarding a property/build. It relieves you of the worry should a contractor cease to trade for whatever reason, whether it be due to:
It is not uncommon for contractors, large and small, to cease to trade. Moreover, guarantee periods can vary from 10-15 years, as much can happen to any business within that amount of time, regardless of its current status.
Why should I get an Insurance Backed Guarantee if the contractor/installer is already providing a guarantee?
Contractors may offer guarantees of their own, but if the contractor suddenly faces insolvency issues or decides to close down and cease trading, then their guarantee may become worthless. An Insurance Backed Guarantee would honour the contractors original guarantee for the remaining time it was valid for.
If your chosen installer were to cease trading you could be left with faulty goods, a guarantee of no value and a potential bill to rectify any problem.
For more information, talk to our team of Experts
Here we have highlighted some of the many reasons for why our insurance backed guarantee may benefit you:
