Products: New construction warranties from BLG
Building and Land Guarantees (BLG) has added two warranties for the construction industry to its Shield range of products.
Roof Clad Shield provides a guarantee against defective workmanship, materials and design in roofing and/or cladding works resulting from an inherent latent defect. Periods from five to 25 years will be considered, and premiums start from £500.
Guarantee Shield is a long-term warranty providing insurance backing to a contractor’s written guarantee, also covering time periods from five to 25 years.
James Russell, BLG director, said: “Insuring new buildings is a relatively straightforward process but what this sector has often struggled to do is insure component parts of buildings.
“If you are a glazing contractor and need to install 150 windows, the main contractor will understandably want a guarantee from you, backed by insurance. With Guarantee Shield, we can provide sub-contractors with the ability to back their contract with insurance which could mean the difference between them winning a tender or losing it.”
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