Public Liability & Commercial Combined Insurances
- We carry a £5 million Public and Products Liability Insurance policy with an additional £5 million excess layer, transacted with Dual Olivia Limited. Our current policy expires 17th November 2018.
- In addition to this we also hold cover of £250,000 "Contractors All Risks" on works in progress, which protects both us and our clients in the event that such works should be disrupted by virtue of fire, theft or storm damage prior to completion and handover to our client. This policy is also underwritten Dual Olivia Limited and expires together with our Public Liability Insurance.
Work In Progress & Latent Defect Cover
As a registered 'TRUSTMARK' contractor through the NFRC we can now offer clients additional protection whilst their contract works are being carried out (Work in Progress).
If you choose to accept a quotation from us for domestic roof renewal works you will be entitled to register the contract with QANW Services Ltd and receive the benefit of this further protection. Insurance backed guarantees are underwritten by Guarantee Protection Insurance Ltd.
A brief synopsis of the cover provided follows:
The Work in Progress insurance is designed to cover you in the unlikely event that we cease to trade, through certain insolvency procedures or other reasons such as death or retirement, thus preventing us from being able to complete your contract. This insurance applies to all TrustMark Qualifying Contracts and simply requires a reply card to be returned to the insurance administrators to register the contract. On acceptance of our quotation you would be provided with full details of the scheme, including the necessary reply card.
A Qualifying Contract is a contract between an individual private homeowner who has contracted with a TrustMark registered firm to have work carried out on their own home, with a contract value between £250 and £50,000 (including VAT but excluding the cost of any installed equipment covered by manufacturers warranty).
Work in Progress cover provides protection for up to a maximum of 10% of the full contract value prior to the commencement of works and for up to 25% of the contract value whilst the work is in progress. The policy has a term which runs for up to a maximum of 120 days. This gives you full insurance protection against the possible loss of any deposit paid in advance in respect of the works.
ALSO, in addition to the 10-Year Post-Completion warranty, which you would be provided with as part of your contract with us, there is now the extra benefit of a Latent Defect insurance policy, which would protect you, the Policyholder, in the event that we were to cease to trade following completion of the works under any of the circumstances outlined above. The Latent Defects policy provides cover, in terms of faulty design, materials and workmanship for a period of 2 years. The 10-Year Post Completion warranty provides cover for specified Major Defects for the full policy term of 10 years.