Insurance Backed Guarantees

Insurance Backed Guarantees

All members of the Confederation of Roofing can offer customers the benefit of a fully insured back up guarantee(IBG) that protects you should the contractor cease trading for any reason during the guarantee period.

 

As the only roofing association in the UK who can supply these guarantees on ANY new work it is a massive benefit for not only members but customers also and will keep you one step ahead of your competitors.

 

Many industries are now issuing an IBG as mandatory and this will include the roofing industry in the near future so please ensure you are offering them now as we will be actively encouraging the public to ensure they receive one.

 

The process is quick and simple and below are the typical costs and a list of questions that would be asked when securing one.

 

Deposit protection is also available and should you have any further questions please do not hesitate to contact us.

 

10 year – Residential

£1 – £6,000 = £30.00

£6,001 – £25,000 = £35.00,

£25,001 – £50,000 = £55.00

£50,001- £1,000,000 = 2% of contract value inclusive of VAT

 

10 years – Commercial

Policies under £5000 – £100.00 minimum fee

Policies over £5000 = 2% of contract value inclusive of VAT

 

10 + 10 Years Residential

Policies under £5000 = £100 (next 10 year fee included)

Policies over £5000 = 2.5% of contract value inclusive of VAT (next 10 year fee included)

 

10 + 10 Years Commercial

Policies under £5000 = £150 (next 10 year fee included)

Policies over £5000 = 3% of contract value inclusive of VAT (next 10 year fee included)

 

To order please e mail the answers to the following questions and send them to me before 2.00pm. Guarantees will be sent back to you the next working day:

 

IBG

Customer Name

Site address and postcode

Date the work was completed

Contract value including  VAT

How many years you need the guarantee to cover

Is the property residential or commercial?

 

Thank you

 

CORC.