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Installation insurance guarantees confidence from hard-pressed consumers
Published:  03 November, 2008

As the ‘credit crunch' continues to bite, it is even more important that installation professionals set about differentiate themselves from their competition: not least through increasing confidence in their businesses through the provision of Insurance Backed Guarantees (IBGs).

This is the message from HomePro - the UK's leading provider of IBGs - and specialist in providing insurance and services to the trade and construction industries; offering products that are not only highly competitive but are also associated with levels of service and cover that are unrivalled in the sector.

HomePro Insurance's dedicated and established warranty product for the kitchen, bathroom and bedroom retail installation sector is available as a fourstage product covering deposits, stage payments, work in progress and quality of workmanship for up to a decade.

The KBB IBG is cost-effectively priced and highly competitive compared to those sourced from other providers or trade associations - and is available to all professional installation businesses, whether association members or not.

Premiums not only cover the cost of the installer's own guarantee; but also provide the bonus of deposit protection up to 25% of the contract value which may be asked of a customer at the start of a project. This level of cover makes closing the sales process much easier because customers are so much happier handing over the deposit safe in the knowledge that it is fully protected. The IBG policy also covers an installer's guarantee obligations for periods up to an industry-leading 10 years.

TrustMark

All HomePro IBGs exceed, and are compliant with TrustMark standards and all policies are underwritten and managed under the auspices of the Financial Services Authority (FSA). Combined with TrustMark accreditation - available through both HomePro and its sister organisation FairTrades - IBGs serve to reassure consumers of the bona fides of their suppliers; and enable independents to better compete with big high street brands.

http://www.homeproinsurance.co.uk/







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