Roofing and contractors guarantees launched
Specialist broker Building and Land Guarantee (BLG) has announced the launch of two warranties for the construction industry under its shield range.
Roof Clad Shield, a long term warranty, provides a guarantee against defective workmanship, materials and design in roofing and cladding on mid-size contracts.
Periods from five to 25 years are considered, even after the works have been completed and premiums will start from £500.
BLG has also launched Guarantee Shield, a long-term warranty providing insurance backing to a contractor’s written guarantee
BLG’s James Russell said: “We’ve been in the roofing warranty market for a number of years, catering for large blue chip projects. We’ve been repeatedly asked to look at warranties for mid-size projects and so we’re pleased to now fill this gap in the market.”
“Insuring new buildings is a relatively straightforward process but what this sector has often struggled to do is insure component parts of buildings. If you are a glazing contractor and need to install 150 windows, the main contractor will understandably want a guarantee from you, backed by insurance. With Guarantee Shield, we can provide sub-contractors with the ability to back their contract with insurance which could mean the difference between them winning a tender or losing it.”
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