The Quality Assurance Association
copyright © 2002

 

Insurance backed guarantees

“ Many businesses will give a guarantee.  What happens if they cease trading? An IBG can give you the peace of mind needed to ensure your guarantee will be honoured”

Qaa through it’s partner organisation can supply all types domestic and commercial warranties to underwrite all types of guarantees.

What is an Insurance Backed Guarantee?

An Insurance Backed Guarantee or IBG is an insurance policy that is issued to the customer to underwrite a supplier’s guarantee.  Put very simply, this means that should  a supplier cease trading for whatever reason, and no longer be in a position to honour their original warranty should a problem occur under the terms of the original guarantee, the claim would be met by the insurers.

 How Creditable are QAA Warranties?

 Insurance Backed Guarantees supplied by QAA supply partners are H.m Treasury regulated and conform fully to criteria and guidelines set by:

 DTI – Department of Trade and Industry
ABI – Association of British Insurers
IOB – Insurance Ombudsman Bureau
OFT – Office of Fair Trading

The guarantees range from 1 year to 10 years, depending

 TYPES OF WORK COVERED

Extensions, double glazing, conservatories, commercial & domestic roofing,block paving, new kitchens & bathrooms

Extensions
Double Glazing
Conservatories
Roofing (Commercial & Domestic)
Block Paving
Patterned Concrete
Kitchens
Loft Conversions
Bathrooms
Bedrooms
Damp Proofing
Timber Treatment
Wall Ties
Wall Coverings
Underpinning
Flooring
Central Heating (12 months only.  Excludes mechanical and electrical parts).