Insurance Backed Guarantees
An Insurance Backed Guarantee provides comfort that even though a contractor may go into administration, the guarantees and warranties put in place for the work that has been completed at your property are protected.
The benefits of Insurance Backed Guarantees:
- Enables the contractor to win tenders on contracts where Insurance Backed Guarantees are a requirement
- Limit of cover can be provided to suit the scale of the project
- It provides vital protection and security for the building owner and their funder cover is usually 10 years
- At J3 Advisory, we have experience working with insurers to provide solutions for contractors and building owners and can react very quickly to ensure that contractors meet deadlines and win contracts