The British Structural Waterproofing Association

 

 

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Insurance Backed Guarantees for Structural Waterproofing
               
Contractors will normally provide a guarantee for their structural waterproofing work to cover a period of ten years.  In addition, many of our members offer insurance backing for their guarantees.    
               
Due to our high standards of membership, BSWA members are normally eligible for these schemes which issue insurance backed guarantees for structural waterproofing. Contact your Contractor for details.     
               
               
What is an Insurance Backed Guarantee scheme?      
               
Even the most established contractors can be forced into liquidation for reasons beyond their control. These schemes protect the client against the contractor being unable to meet his obligations under his guarantee by ceasing to trade due to bankruptcy, liquidation or the winding up of the business on the retirement or death of the principal(s). The contractor's guarantee can be protected through an independent insurer so that in these circumstances the insurance backed guarantee will take over the liability for the contractor's guarantee for the remainder of the period covered.    
               
     
Are they independent?    
               
Yes, these schemes are independent of any individual contractor, manufacturer or trade association. They provide insurance backing for guarantees issued by the building, preservation and restoration industry.     
               
A Certificate of Guarantee is normally issued naming the property, and remains valid with no requirement to register change of ownership in the future.    
               
Should the work the contractor is undertaking include rising damp, replacement wall ties or treatment for woodworm, wet rot or dry rot, these can often be included in the guarantee.    
               
               
               
             

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