we will do it together
At PJ Insurance, we take pride in delivering the right cover for you at the best possible price. With access to a wide range of policies, we compare options on your behalf so you don’t have to. Our extensive expertise across all areas of insurance means we’re here to support you every step of the way.
An Insurance Backed Guarantee (IBG) is a commitment from a contractor designed to give you peace of mind if the contractor stops trading.
This guarantee protects both you and your customers by ensuring that, in the unlikely event your business ceases to operate, your insurer will honour any valid claims under the original guarantee.
By offering an IBG, you boost customer confidence, reassuring them that their investment is safeguarded even if your company closes.
Alexander Graham Bell
Coverage under an Insurance Backed Guarantee typically lasts up to 10 years and is often specified in contracts, though other durations can be arranged upon request. This guarantee can cover all types of work, providing flexibility to suit your needs.
At PJ Insurance, our specialists are here to guide and support you in securing the right cover—helping contractors meet their deadlines and contractual obligations with confidence.
Click on the link below and complete the enquiry form today
An Insurance Backed Guarantee does exactly what it says—it supports an existing guarantee. Simply put, a contractor provides a guarantee for their workmanship and products, and we back that guarantee with an insurance policy. This ensures that if the contractor ceases trading, the customer still has someone to turn to for resolving any issues.
Sets the contractors apart from competitors that cannot offer such a guarantee and demonstrates the quality of, and confidence in, the contractors’ product and workmanship.
Enables the contractor to submit and win tenders on contracts where insurance backed guarantees are a requirement.
Demonstrates the fact that the contractor has satisfied insurers as to the quality of their work.
Provides vital protection and security for the building owner and their funder.
Contractors, large and small, cease to trade each year for a multitude of different reasons. Guarantee periods can vary from 2 years to 10 years and much can happen to any business in that time, regardless of current stature.
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.
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