Insurance Back Guarantee (IBG)
What are Insurance Back Guarantees
There is a protection mechanism for both us (the contractor and you the customer), in the unlikely event of the company ceases to trade.
Your contractor’s written guarantee sets out his obligation to rectify defects in your installation. It cannot however guarantee that they will always be around. If a contractor ceases to trade, and defects subsequently develop in your installation, the contractor’s guarantee, although made in good faith, with the best of intentions, would be functionally useless. This is a particularly relevant concern as you have to fork out a huge sum of your well hard earned cash for defective work.
This means that their guarantees can be protected by an insurance policy, underwritten by an onshore, UK-based, FSA registered insurer. In the event that the contractor ceases to trade and is unable to honour the terms of their written guarantee with the insurer; the insurer’s agents will take the place of the contractor and the policy of insurance taking the place of their written guarantee.
Obviously ceasing to trade is the last thing on any Company’s minds, however nothing in life is guaranteed; remember what happened to collapse of ‘HBOS’ in 2008. No one would have seen that coming.
So always remember big or small, nothing is guaranteed.
We offer a IBG with all of our work at no extra cost
What does this mean
Whatever happens, you’re protected
Smart Constructions is a member of Home Pro (established by the government) and Build Assure insurance, as such is authorised to offer you an Insurance Backed Guarantee. We understand that you need reassurance that any company you hire isn’t going to let you down.
Covering deposits of up to 25% of the value of the contracted work.
Work in progress, completed
Ensuring projects are completed by an accredited company if your contracted one ceases trading.
Protected from the start
It’s a simple process, when your home improvement is completed to your satisfaction, we will apply for a certificate of insurance, giving you complete peace of mind in the quality of our work and our commitment to you.
10-Year Independent Guarantee
Converting your loft, building an extension or any type of building work in your home can sound like a daunting prospect, especially when you hear the horror stories about rogue builders running amok or if you have watched the channel 5 episodes of ‘Cowboy Builders’.
Also when it comes to any major home improvement, you want to make a quality investment that will last for many years to come.
That’s why we at Smart Constructions make a point of recognising these concerns with an unrivalled 10-year warranty on our structural work.
All of our work come with an independently underwritten 10-year full structural warranty at no extra cost.
Build Assure underwrite all of our work and will cover works up to £1 million for the 10-year period.
Please take time to read the terms and conditions of the IBG policy.