Give your customers a more valuable guarantee Win more business by offering a more valuable guarantee Customers increasingly expect their home improvement and building work to be guaranteed. The facility to offer your customers peace of mind through an insurance backed guarantee has become essential. Provide the reassurance your customers need Now you can give customers all the reassurance they need by using the Guild of Master Craftsmen Insurance Backed Guarantee (IBG) Scheme. This scheme is available to members at specially negotiated rates via our IBG Scheme Administrators GGFi. How does the scheme work? The scheme enables you to include IBG protection for all your customers, by registering your completed jobs online, in under a minute! What does the scheme cover? If you cease trading following completion of the project, your customer can submit a claim under the IBG for issues they experience with the workmanship and/or materials (Terms & Conditions apply) Deposits paid up to a figure of 25% of the contract value or 6250 (whichever is the lesser) Transfer of ownership of the guarantee should the property be sold, at a cost of 25.00. Which trades are covered? All membership trade categories other than external cladding, weathering, pebble dashing and exterior wall coating. Different trades will qualify for different guarantee periods and it is important to ensure that your own warranty matches the terms of the financial guarantee. 2 year Guarantee 5 year Guarantee 10 Year Guarantee Drains, Blinds, Burglar Alarms, Fireplaces, Joinery, Painting & Decorating, Plastering, Re-upholstery, Shower Installation, Tiling, Guttering, Loft Insulation, Roof repairs, Fencing, Tarmac, Wrought Iron Work Garage Doors, House refurbishment, Council Grant, Roller Shutters, Timber Laminate Flooring, Electrical, Flooring, General Building, Loft Conversion, Structural Building, Concrete Driveways, Timber decking Double Glazing, Glazing, Conservatories, Bathrooms, Bedrooms, Central Heating, Kitchens, Roofs, U-PVC guttering, Roof Tiling, Cavity Wall Insulation, Cavity Wall Ties, Sofits and Fascias How much does it cost? IBG Premiums cost from 14.84 and will vary according to the contract value. Further reductions are available to FENSA members.
About GGFi GGFi is a leading provider of insurance backed guarantees to the home improvement sector and works alongside CII and BIBA as well as a number of regulators that recommend GGFi insurance backed guarantees to their customers. A recent poll revealed that 91% of GGFi customers would recommend the service to others. For further information about the scheme, contact scheme administrators GGFi Ltd on 020 7645 2743. What you need to do now Complete the following: Application form Direct Debit Mandate Confirmation to proceed And enclose: A non-refundable cheque for 30 (including VAT) which covers our vetting process A copy of your written guarantee A copy of your up to date accounts Any relevant additional information requested in the application form. Please send this in to the following address: The Guild of Master Craftsmen IBG Scheme c/o GGFi 54 Ayres Street London SE1 1EU Once your application is received, we will then carry out the necessary vetting procedures on your company background. It may be that we require further information from you in which case, we will contact you dire
Application to Register - GGFi Scheme All fields require completion Section 1 Company Details 1.1 - Name/Address Company name: Trading Address: Registered Address: 1.2 - Contact Details Contact name: Telephone: Mobile: Fax: Email address: 1.3 Directors/Partners Full names: Home addresses: Date of birth:
Section 2 - History/Background Formation date: FENSA number (if applicable): Number of employees: Company number (if Limited company) GGF number (if applicable): Current IBG/Deposit Indemnity Provider (if applicable): Section 3 - Trade/Deposit information (Please circle the correct answer) Do you require deposit indemnity? YES (FENSA registered companies MUST indemnify deposits) NO What experience do you have in this trade sector? Who will be doing the actual installation work? Section 4 - Disclosure (Please circle the correct answer) Have any of the Directors, Partners or Shareholders ever: a. been declined the supply of insurance backed guarantees or deposit indemnities or NO YES had its membership from any IBG provider cancelled? b. been bankrupt or entered into an arrangement with creditors whether voluntary or NO YES not, or been a shareholder, director or partner of a business to which a receiver, administrator or liquidator has been appointed? c. moved addresses or changed their names within the last 3 years? NO YES d. been involved with a previously registered FENSA or GGFi registered company? NO YES Can you confirm if any of the directors, partners or shareholders of this business is a director, partner and/or shareholder of a business which is due to enter into liquidation/receivership/administration or will become dissolved in the near future? NO YES If you answer YES to any of the above questions, please provide full details on an additional information page (for question c, we will require full details of previous addresses/names)
Section 5 - Declaration and Signature Please read carefully and then sign/date the application to indicate agreement with this. 1. I/we agree to a full credit history check to be carried out on all directors, partners and shareholders of the business for both current and previous businesses. 2. I/we agree and give my/our full authority that credit history checks may be made in connection with this application by GGFi Ltd and any other party involved in the processing of this application. 3. I/we understand that all work submitted directly through the FENSA system is considered to be residential work. I/we also understand that all commercial work must be referred to GGFi (and henceforth the insurer) for consideration and pricing prior to registration. 4. I/we understand that on or after the 21 st of each month, GGFi will take payment via Direct Debit for GGFi insurance business accrued and invoiced for the month previous. 5. I/we will disclose, or have disclosed, all information and material facts required for this application. 6. To the best of my/our knowledge, information and belief and after due and careful enquiry, the information contained within this application is correct. 7. I am/we are not aware of any circumstances which I/we have not disclosed to you which might influence your acceptance of the risk. I/we further undertake that, should I/we become aware of any information, adverse or otherwise, in respect of this application, I/we shall immediately inform you of such information. 8. I/we will immediately inform you of all subsequent variations to the information included on this application form and will provide such amended information immediately. 9. I am duly authorised and empowered to complete this form on behalf of the applicant and I sign this declaration on its behalf. 10. I/we hereby agree to indemnify you against all actions, proceedings, claims, and demands which may be brought against you and all liabilities, losses, damages, costs and expenses of whatsoever nature which you, your insurer or your principals may suffer, incur or sustain through a breach of this declaration. Signature:... Print Name: Position:. Date:
Confirmation to proceed GMC IBG Scheme c/o GGFi 54 Ayres Street London SE1 1EU Re: We wish to join the GMC insurance Backed Guarantee scheme and require you to GIVE our customers IBG s on all contracts from [ DATE ]. Either party giving one months notice in writing can make cancellation of this agreement at any time. Signed for and on behalf of
GGF Insurance Scheme Please fill in the whole form using a ball point pen and send it to: Borough IT Limited 54 Ayres Street London SE1 1EU Name(s) of Account Holder(s) Instruction to your Bank or Building Society to pay by Direct Debit Originator's Identification Number 6 4 9 5 0 8 BACS Reference Number (to be completed by Borough IT Ltd) B I T G I Bank/Building Society account number Instruction to your Bank or Building Society Please pay Borough IT Limited Direct Debits from the account detailed in this Instruction subject to the safeguards assured by the Direct Debit Guarantee. I understand that this Instruction may remain with Borough IT Limited and, if so, details will be passed electronically to my Bank/Building Society. Branch Sort Code Name and full postal address of your Bank or Building Society To: The Manager Bank/Building Society Address Signature(s) DDI2 Postcode Date Banks and Building Societies may not accept Direct Debit Instructions from some types of account