Why you MUST get an insurance backed guarantee.
We live in an age where there’s an insurance policy for everything. We hope we never need to make a claim, but knowing it’s in place gives peace of mind.
Almost all businesses within the construction and home improvement industry will offer guarantees. Some cover the product and some cover the workmanship. But what good are these guarantees and warranties if the company were to go out of business?
Imagine if the bifold door you had installed broke, and you discovered that the company that had sold you the door had gone into liquidation. Without an insurance backed guarantee to protect you, you’d have to pay for someone to fix it. But had the company given you an insurance backed guarantee, the warranties given to you at the time of purchase would still be valid. The insurance company would take care of the repairs for you.
To be able to offer an insurance backed guarantee, installers must be part of a competent person scheme (CPS). Introduced by the UK Government, the CPA allows individuals and enterprises to self-certify that their work complies with the Building Regulations as an alternative to submitting a building notice or using an approved inspector.
A Competent Person must register with a scheme that has been approved by The Department for Communities and Local Government (DCLG).
As of 2014 it became mandatory that any member of a CPS has to offer insurance backed guarantees.
You want to be sure that the guarantees you’re offered are worth more than the paper they're written on. Ask to see documentation showing which CPS they belong to and which insurer they use to cover their guarantees.