BUSINESS SUPPORT INSURANCE BACKED GUARANTEE
What type of IBG insurance can FMB insurance offer? FMB Insurance provides a range of IBGs, spanning 2, 6 or 10 years, commencing from the date of completion and is available on a wide range of home improvement projects, including: General building – such as a porch or new extension on your home Loft conversions Roofi ng Damp / timber treatments
Roofl ine Kitchens Bathrooms Conservatories
Whatever changes your client wants to make to their property, they can benefit from an IBG to give them full protection on their investment – after completion. IBG contractor FAQs Do I need to provide this cover? You don’t need to, but it is recommended. An IBG is a great way to give your customers’ peace of mind that the work is fully covered should anything go wrong. Additionally, certain organisations such as competent person self-certification schemes and certain trade bodies may, as part of their scheme rules and membership terms, require that you provide IBGs to your customers. How do I get a quote? Contact FMB Insurance on 01353 652 760 to run through a quote, send an email to insurance@fmb.org.uk or request a quote online by visiting www.fmbinsurance.co.uk How much is the excess? The excess for our IBG is £50. An IBG is more than just financial safety. In a tough market, offering IBGs makes you stand out, giving you a competitive edge and building trust. This extra security could be what makes the client sign the dotted line – especially as homeowners are taking extra precautions before committing to home improvement projects.
your clients' investment is protected and maintains your good reputation. An Insurance Backed Guarantee gives your clients extra protection for up to 10 years after a project is finished, covering various home improvements A n Insurance Backed Guarantee How does offering IBG to a client benefit me? (IBG) is a policy that helps homeowners if there are problems with the quality of PROTECT YOUR REPUTATION
the work after your business is no longer operating because you have retired, or if you’re suffering from an illness and you cannot fulfil the written guarantee. What does an IBG cover? If there are defects found in the completed work after a project is finished, and your business is no longer in operation, the IBG provides important safety. It covers the reasonable cost of fixing these defects, sticking to the original contractor's guarantee and insurance policy terms, up to the original contract price. This ensures
By providing an IBG to your clients, you’ll build a stronger, more robust aftersales package for consumers, which builds trust. This insurance policy provides peace of mind to your clients in case of unexpected changes to your company or finances, or if you retire or fall ill – realities that may not have been considered when securing the job. IBG offers assurance to the client that your written guarantee will be honoured even in the unfortunate event that you cease trading or retire.
For more information on how IBG can benefit you, contact FMB Insurance at 01353 652 760 or email insurance@fmb.org.uk .
20
Master Builder
www.fmb.org.uk
Made with FlippingBook interactive PDF creator