Do extension builders need an Insurance Backed Guarantee?

Quick answer: Usually not by law — builders aren’t forced to provide an Insurance Backed Guarantee the way a glazier is. But it’s often expected: many homeowners, trade schemes and lenders want to see one. It backs your own company written guarantee, so if your company ceases trading, the homeowner’s cover still stands. Subject to the terms and conditions of the policy. It is not the same as a structural warranty. The two do different jobs, and a bigger project may need both.

Do kitchen installers need an Insurance Backed Guarantee?

A kitchen fitter isn’t required by law to provide an Insurance Backed Guarantee. It’s not compulsory like it is in double glazing. But many fitters provide them anyway because it reassures homeowners who are spending a lot on a new kitchen. There is a caveat, if you’re TrustMark-registered, you must provide a minimum two-year financial protection, and an Insurance Backed Guarantee is how that’s usually met.

Do bathroom installers need to provide Insurance Backed Guarantees?

There’s no requirement forcing a bathroom fitter to provide an Insurance Backed Guarantee. It isn’t compulsory the way it is in double glazing. But most fitters who choose to offer one, do it overcome the major risk worry their homeowners have when hiring a tradesperson. It tells a nervous homeowner they’re protected. If you’re TrustMark-registered, you must provide a minimum two-year financial protection, and an Insurance Backed Guarantee is how that’s usually met.

How much does a roofing Insurance Backed Guarantee cost?

A roofing Insurance Backed Guarantee costs a UK installer a one-off premium per installation — not a yearly fee. For a typical re-roof of around £8,000, the premium averages around £48, including Insurance Premium Tax. What you pay depends on a number of factors such as; the size of the installation, how long the guarantee runs, your track record as a business, the underwriter and how many installations you put through.