From its office in One Fleet Place, London the GPI underwriting team stands ready to provide a wide range of insurance solutions to trade associations, construction professionals, product manufacturers, brokers, warranty companies and insurance intermediaries. GPI underwrites IBGs for many different trade types and areas of industry.
Both commercial and domestic sectors are catered for; with IBGs presently being written for glazing, roofing, waterproofing, damp and timber treatment, property renovations, ECO installations and renewable energy systems.GPI mainly utilises its wholly owned subsidiary on the administration, claims handling and fulfilment of these products.
The purpose of an IBG is to provide insurance backing to a written workmanship and/or material guarantee, given by a building contractor to a domestic or commercial customer (the owner of the insured works).Such written guarantees may be given in good faith, by well-meaning contractors; however, even the most prudent and financially solvent contractors are unable to guarantee their solvency -in these volatile times- to the extent that they will be able to rectify defects for the lifetime of those guarantees.
Both commercial and domestic sectors are catered for; with IBGs presently being written for glazing, roofing, waterproofing, damp and timber treatment, property renovations, ECO installations and renewable energy systems.GPI mainly utilises its wholly owned subsidiary on the administration, claims handling and fulfilment of these products.
The purpose of an IBG is to provide insurance backing to a written workmanship and/or material guarantee, given by a building contractor to a domestic or commercial customer (the owner of the insured works).Such written guarantees may be given in good faith, by well-meaning contractors; however, even the most prudent and financially solvent contractors are unable to guarantee their solvency -in these volatile times- to the extent that they will be able to rectify defects for the lifetime of those guarantees.
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