Insurance Backed Guarantee (IBG)
Nationwide support for contractors, installers, developers and property owners seeking an Insurance Backed Guarantee. We help obtain suitable quotations, coordinate the required information and assist with the application process through an appropriate third-party provider.
Insurance-Backed Protection for Qualifying Building Work
An Insurance Backed Guarantee, commonly referred to as an IBG, is an insurance product intended to support a contractor’s or installer’s own workmanship guarantee.
If the original contractor ceases trading and is therefore unable to honour a valid workmanship guarantee, an eligible policy may provide protection in accordance with its terms, exclusions and claims requirements.
One Stop Consult can help obtain quotations, coordinate the required project information and assist with applications through an appropriate Insurance Backed Guarantee provider.
Works That May Be Eligible
Insurance Backed Guarantees may be available for a range of qualifying building, installation and improvement works, subject to the selected provider’s requirements.
Roofing Works
Insurance-backed protection may be available for qualifying roof replacement, repair and installation works.
Structural Waterproofing
Support for eligible basement waterproofing, tanking and other specialist water-resistance systems.
External Wall Insulation
Guarantee options may be available for qualifying external insulation, rendering and associated installation works.
Renewable Energy Systems
Protection may be available for eligible solar, heating and other approved renewable energy installations.
Timber Treatment
Insurance-backed arrangements may be considered for qualifying damp, timber preservation and remedial treatment works.
General Building Works
Certain renovation, refurbishment and specialist installation works may be eligible, depending on the provider and contractor.
Why Arrange an Insurance Backed Guarantee?
A contractor’s own guarantee is normally dependent on that business remaining available and able to honour its obligations throughout the guarantee period.
An IBG can provide an additional level of protection if the contractor ceases trading, subject to the precise wording and conditions of the selected insurance policy.
How the IBG Process Works
The process will depend on the type of work, the contractor, the proposed guarantee and the requirements of the selected Insurance Backed Guarantee provider.
Send Your Details
Provide details of the contractor, property, work type, contract value and proposed guarantee period.
Initial Review
We review the information and identify whether a suitable Insurance Backed Guarantee option may be available.
Quotation
An appropriate quotation is obtained from a third-party insurance or guarantee provider for consideration.
Application
The required contractor, project and guarantee information is submitted to the selected provider.
Policy Documentation
Following approval and payment, the third-party provider issues the relevant policy documentation.
Information Usually Required
Providing accurate information helps determine eligibility and allows the provider to prepare an appropriate quotation.
Contractor Details
The contractor’s trading name, address, contact details, experience and relevant trade information.
Property Details
The full property address, building type and details of the owner, client or beneficiary of the guarantee.
Description of Works
A clear description of the installation, improvement or construction work being guaranteed.
Contract Value
The total value of the qualifying works, including any relevant labour, materials and installation costs.
Workmanship Guarantee
A copy or summary of the contractor’s own written workmanship guarantee, including its proposed duration.
Completion Information
The expected or actual completion date, together with any relevant photographs, certificates or supporting evidence.
Contractor and Project Eligibility
Insurance Backed Guarantee availability is subject to the selected provider accepting both the contractor and the proposed work.
The provider may consider factors such as the contractor’s trading history, experience, qualifications, insurance, financial standing, complaints record and the nature of the work being undertaken.
Additional documents or evidence may be requested before an application can be accepted or a policy issued.
Nationwide Insurance Backed Guarantee Support
One Stop Consult supports contractors, installers, developers and property owners seeking Insurance Backed Guarantee options throughout mainland UK. Applications and supporting information can normally be coordinated remotely through an appropriate third-party provider.
Other Services Your Project May Require
We can coordinate additional insurance, consultancy, design, testing and certification services for residential and commercial construction projects.
Important Insurance Information
One Stop Consult is a construction consultancy and coordination service. We are not the insurer, underwriter or issuer of any Insurance Backed Guarantee policy. Policy availability, premiums, eligibility, guarantee periods, exclusions, excesses, claims procedures and cover are determined solely by the appointed third-party provider and the applicable policy wording. Clients should review all policy documents carefully and confirm that the proposed cover meets their contractual, lender, funder or customer requirements before proceeding.
Insurance Backed Guarantee FAQs
What is an Insurance Backed Guarantee?
An Insurance Backed Guarantee is an insurance product intended to support a contractor’s own workmanship guarantee if the contractor ceases trading and cannot honour a valid claim, subject to the policy terms.
Is One Stop Consult the insurer?
No. One Stop Consult is not the insurer, underwriter or policy issuer. We provide consultancy and coordination support and help arrange quotations through appropriate third-party providers.
Is an IBG the same as a structural warranty?
No. An IBG generally supports a contractor’s workmanship guarantee. A structural warranty is a separate insurance product designed for qualifying structural defects in new or converted buildings.
What happens if the contractor is still trading?
The contractor would normally remain responsible for dealing with valid claims under its own workmanship guarantee. The exact position depends on the policy terms.
How long does an Insurance Backed Guarantee last?
The period varies according to the type of work, the contractor’s own guarantee and the selected provider’s policy. The applicable duration will be shown within the policy documentation.
Can an IBG be arranged after the work is completed?
Some retrospective applications may be considered, but eligibility can be more limited and additional evidence may be required. Acceptance is entirely subject to the provider’s assessment.
Does every contractor qualify?
No. The contractor and proposed work must satisfy the eligibility requirements of the selected provider before a policy can be offered or issued.
Do you provide support nationwide?
Yes. We support eligible contractors, installers, developers and property owners throughout mainland UK.
Request Your Free IBG Quote
Complete the form below with the property address, contractor details, description and value of the works, proposed guarantee period and current completion stage. Upload any available quotations, guarantees or supporting documents so our team can review the application and obtain an appropriate quotation.