WHAT IS AN INSURANCE BACKED GUARANTEE?
An Insurance Backed Guarantee (IBG) underwrites the guarantee that your installer provides you and is claimable in the event your installer ceases to trade. In an ideal world, your installer will always be there to take care of any problems that may arise over the period of the guarantee they provided you with. In reality, however, there is always a risk that your contractor might cease to trade, and if they do, their guarantee would become worthless without proper insurance. There is also a chance you could be charged the costs of any remedial work should you have issues with their installations.