If you’re an independent contractor, offering a high quality contractor guarantee should form an integral part of your business.
What is a contractor guarantee?
A contractor guarantee is a term used to describe an Insurance Backed Guarantee: the guarantee that all UK independent contractors must offer by law to customers when carrying out an installation or project.
An Insurance Backed Guarantee is designed to protect you and your customers in the unlikely event of your company ceasing to trade. Available for a period of up to 10 years, and backed by a UK authorised insurer, an Insurance Backed Guarantee raises consumer confidence as homeowners will know that they are protected should your business go bust.
If, because of liquidation, receivership, administration or winding up of your business due to bankruptcy, state retirement or death, the company no longer exists, faults appearing after they cease to trade may be covered by the Insurance Backed Guarantee.
As of June 2014, all UK tradespeople must offer an Insurance Backed Guarantee with any installation they carry out. This means that finding the right guarantee that can protect you and your customers, whilst enhancing your reputation, is more important than ever.
Reasons it makes sense to offer a high quality Insurance Backed Guarantee
The CPA is one of the most experienced companies when it comes to offering high quality Insurance Backed Guarantees. With a history of safeguarding the rights of the consumer and tradesperson, choosing an Insurance Backed Guarantee from The CPA can give you and your customers extra peace of mind when it comes to installations.
- Legal protection you can trust
By offering a contractor guarantee from The CPA, you and your customers can benefit from extra peace of mind about your legal protection in the unlikely event of something going wrong during, or after the installation. All of the contractor guarantees that we offer are provided by a UK authorised insurer so that you can be sure of receiving high quality legal protection should anything unforeseen happen.
- Peace of mind
With a contractor guarantee from The CPA, you can rest safe in the knowledge that you’ll be complying with the law. Created by legal experts, our Insurance Backed Guarantees go above and beyond what’s required by law, so that you can deliver the best service possible to your customers.
- A better reputation
The CPA can help to improve the reputation of your own business. With an established reputation for offering comprehensive Insurance Backed Guarantees, The CPA has been providing contractor guarantees for over a decade. Offering an IBG from a respected company like The CPA is a great way to make your company more attractive to customers.
Source: www.thecpa.co.uk