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Housing Associations and Management Companies

Insurance Form

Insurance Backed Guarantee

Overview

Help Local Authorities, Councils, Housing Associations and Management Companies manage their financial risk by providing a Commercial Insurance Backed Guarantee as part of your customer care package.

QANW work with a large number of Local Authorities and Housing Associations, in doing so we are able to provide you with savings of up to 50% on standard premium rates.

With simple premium rates, no annual fees or membership costs QANW is the clear choice. Our experienced Commercial Department are happy to discuss your requirements and provide quotations on a project by project basis. Don’t delay call QANW today on 0845 8388550.

What is an Insurance Backed Guarantee?

An Insurance Backed Guarantee (IBG) is a low cost, long term insurance policy, which provides valuable protection for consumers when undertaking home improvements projects.

The principle of an Insurance Backed Guarantee is to honour the terms of the written guarantee, originally issued by the installing contractor, where that contractor has ceased to trade as defined within the policy document and is therefore unable to satisfy claims against that guarantee.

Who is Guarantee Protection Insurance Ltd?

Guarantee Protection Insurance Ltd (GPI) is a UK based insurance company, which is authorised and regulated by the Financial Services Authority. GPI specialises in the provision of IBGs and is the insurance company that will underwrite any policy issued via the Competent Persons schemes.

www.gp-insurance.co.uk

How do I register with QANW for Insurance Backed Guarantees?

The Registration Process is simple, just download the Application for Associate Membership here and return to our office along with a copy of your company workmanship guarantee and one-off vetting fee of £50.00. Drop-down Header 5: Can I get 20 Year Cover?

Can I get 20 Year Cover?

10, 15 and 20 year cover can be considered on all Housing Association and Management Company Projects which are in excess of £3,000.00 depending on the durability of the products used.

How much does Cover Cost?

Premiums start at £60.00 + IPT. Please complete our online form to receive a project specific quotation.

Are there any other fees?

All contracts which are in excess of £100,000.00 require an independent Technical Audit which will be carried out by the Insurers authorised Auditors. Fees are dependent on contract size and specification of work. Please contact our commercial team on 0845 8388550 for further information.

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