INSURANCE BACKED GUARANTEES
Your Trusted Partner for Comprehensive Insurance Backed Guarantee (IBG) Solutions in the UK Construction Industry
Empowering Confidence and Project Completion with Robust IBG Protection
Empowering Confidence and Project Completion with Robust IBG Protection
Exance, a premier Managing General Agent specialising in construction insurance solutions, recognises the inherent risks that accompany construction projects. We provide businesses across the UK with access to a broad range of Insurance Backed Guarantees (IBGs), designed to mitigate these risks and ensure project success.
An IBG is a vital risk management tool that offers financial security to various stakeholders in a construction project. Underwritten by reputable insurance companies, IBGs act as a safety net, ensuring compensation if a contractor fails to meet their contractual obligations due to insolvency or other unforeseen issues. This coverage is crucial for scenarios such as incomplete projects or defective work, providing the necessary financial resources to rectify these issues and maintain project integrity.
Choosing Exance for your Construction IBGs means opting for a partner who goes beyond mere access to these guarantees. We work closely with you to tailor solutions that maximise value for your clients, drawing on a deep understanding of the UK construction market to recommend the most suitable IBG based on the complexity and needs of each project. Our streamlined application and underwriting process ensures quick turnaround times and timely issuance of IBGs, while our broad market access allows us to offer competitive pricing and optimal coverage.
The benefits of integrating IBGs into your risk management strategy are significant. For your clients, it enhances satisfaction by demonstrating a commitment to project success and peace of mind. It also increases their competitiveness when tendering for new projects and strengthens their ability to manage potential financial losses that could arise from contractor defaults, thereby protecting their investments.
At Exance, we cover a wide spectrum of construction projects with specialised IBG options. Whether it’s roofing, ensuring long-term performance against potential leaks; basement tanking, mitigating risks associated with waterproofing; or refurbishments and structural alterations like loft conversions and piling, our IBGs provide essential protection. We also offer specific guarantees for renewable energy installations, such as solar panels, adding an extra layer of security and confidence for your projects.
Partner with Exance to harness the power of comprehensive IBG solutions.
Contact us today to discuss your specific needs and discover how we can help you deliver exceptional value and navigate the complexities of construction projects effectively.
How can we help?
As a distributor you may already have a facility and are seeking new capacity to move to, or you may be seeking to launch a new facility and are exploring insurer markets.
As an insurer, you may be looking to diversify and grow your pipeline, supporting new programs by offering new capacity.
PRODUCTS
Our core focus is on the following products
10-YEAR RESIDENTIAL
WARRANTIES (LDI)
SURETY
BONDS
PROFESSIONAL CONSULTANTS
CERTIFICATES (“PCCs”)
INSURANCE
BACKED GUARANTEES
INVESTOR RENT
GUARANTEE
PROFESSIONAL
INDEMNITY
