Insurance Backed Guarantees

Cover can be provided for up to 25 years


Insurance Backed Guarantees (IBGs) This term can be used in connection with two radically different covers.



  1. An insurance that provides an indemnity to a customer to the extent of a supplier’s guarantee if the supplier has ceased to trade. Most frequently found in the home improvement market – typically an installer of replacement windows provides a 10 year materials & workmanship guarantee to his customer and also arranges for the customer to receive a separate policy providing the insurance backing. A single premium is paid to provide cover for the full contract period with the insurer having no ability to cancel the insurance so the customer has long term security. Insurance can also be provided to protect customers deposit and work in progress payments prior to contract completion.


  2. An insurance that will indemnify a guarantee provider against the cost to them of remedial work under the guarantee. Such covers can be arranged on an annual claims made basis or a long term cover for the full guarantee period. Such covers are usually effected so that the guarantee provider does not have to include long term guarantee provisions in the balance sheet. Such cover can protect an extended warranty as described above. No insurance protection is provided to the customer.-

Cover can also be provided but not limited to the following:


  • General building works.

  • Refurbishments/conversions

  • Kitchens/bathrooms

  • Concrete repairs

  • Waterproofing

  • Glazing

  • Flooring

  • Roofing

  • Extensions

  • Underpinning

  • Basement construction

  • New-builds


When requesting a quote please include the following information:


  • Name of contractor and their website

  • Risk address

  • Contract Works details

  • Value of contract works

  • Copy of guarantee

  • Period of guarantee