The National Guild of Master Craftsmen is delighted to announce the launch of our new
Insurance Backed Warranty – Buildsafe.
Buildsafe is a specifically designed insurance product that provides the public with
comprehensive protection in the event that your National Guild contractor ceases to trade or
fails to start or complete the works within the defined period.
In such cases we will a rrange for an alternative builder to complete the insured works for the
contract price, less the amount of any deposit or stage payment made to the original
contractor. Alternatively, we will refund to you the amount of any deposit or stage payments
made to the contractor.
Where the Contractor has ceased to trade and fails to rectify defects and major damage in
the Insured Works caused by faulty design, materials or workmanship carried out by, or the
responsibility of the Contractor, the Insurer at its option will either:
Arrange for another Builder to remedy defects or pay the Insured the reasonable cost of
rectifying the matter.
Where the Contractor has ceased to trade the Insurer will pay the costs of removing or
containing contaminants in the ground that we re known to be harmful and known to exist on
the site of the insured works at the time notice to build was deposited with the Local
Authority provided the removal or containment was part of the original site preparation
scheme and a clean up notice has been served by the Local Authority .
If the property is not fit for human habitation due to remedial works be ing undertaken
following a valid claim in respect of Major Damage, the insurer will pay the reasonable costs
of alternative accommodation.
The format could not be easier for the member to implement. You simply download the
following from our Web site www.nationalguild.ie our Standard Contract and the Proposal for
Warranty Insurance Cover. (Alternatively we can post same to you). Then complete both in
full with your Client forw ard them to us with the requisite cheque made payable to Prestige
Underwriting Services. (The rate chart for same is also on our web sit e). Prestige
Underwriting Services will then forward all relevant certificates and policies to your Client.
On completion of your work you must then complete a Completion Document (again this can
be downloaded/posted out). You forward same to us.
For your and your Clients benefit you can also view/download the Policy Document wording
and a Statement of the Demands and Needs on our Website.
Buildsafe is therefore a very exciting development that is exclusive to the members of the National Guild of Master Craftsmen. It will afford the public peace of mind when paying deposits and stage payments and will assist members with their budgets and cash flow. Because of this added security members of the public will be more inclined to do business with members of the National Guild of Master Craftsmen.
Proposal for Warranty Insurance Cover.pdf
Build Safe - Brouchure.pdf
Policy of insurance.pdf
Warranty Statement of Needs and Demands.pdf