#PerfectRoof: Guarantees

Ross Finnie, Sales Director

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What if there’s a problem with my roof?

Peace of mind

Minefield

Short comings

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What do you want cover for?

Product / materials

Workmanship / installation

Latent defects

Due diligence

What’s being covered?

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Professional Indemnity Insurance: this is bought by designers/architects and covers their legal defence costs and damages in the event of being sued by their clients for professional errors or omissions.

Public Liability Insurance: covers the legal liability to third parties for bodily injury, damage to property and direct con-sequential losses (excluding products).

Product Liability Insurance: covers the legal liability to third parties, for bodily injury, damage to property and direct con-sequential losses arising out of the products sold/supplied/installed. The replacement cost of the defective product it-self is excluded.

Insolvency Guarantee: steps in to fulfil the written guarantee of the manufacturer/installer, should it cease trading. Depending on the wording, it can cover defective, design workmanship or materials.

Latent Defects Insurance: protects against design workmanship or material defects after completion causing damage to the building, and in most cases ensures the policy holder can go straight to the insurer rather than to individual parties. Some may have an initial guarantee period where the contractor is still responsible, during which insurers provide insolvency cover only.

Insurance options

Typical cover 10-20 years

Rating of the insurance company providing the cover

Financial due diligence

Insolvency for larger manufacturers

Product only guarantees

Consequential loss

FCA accredited

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Issues to be aware of

Guarantees

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Why we take the risk

If you specify our products, we are rewarded through the supply chain which is why we offer technical advice, design support and on-site support systems completely free of charge to our customers, including architects and other specifiers.

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The SIG D&T guarantee

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Cross section of guarantees available.

Professional Indemnity

Design – in-house design services

Materials - various manufacturers

Workmanship - DATAC scheme

Insolvency for subcontractors

10-35 years inclusive of above dependant of client requirements

Specialist cover if required via FCA insurance broker.

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Thank you!