We are members of the Federation of Master Builders and as part of that you are entitled to take out a MasterBond Warranty. This is an insurance-backed guarantee that offers a safeguard should your contractor cease trading. It also insures that the works are completed in accordance with your agreed specification, subject to policy limitations.
There are a variety of packages that you can take out and they all include things like loss of deposit and/or liquidation during construction, physical damage which result in none compliance of regulations, physical damages that create a danger to the health and safety of occupants and protection against contaminated land being dealt with ineffectively. The only thing you need to decide on is how long you want the policy to last.
To be a member of the Federation of Master Builders we have to comply with the following:
- Have a minimum three year trading history
- Have our work inspected by an independent assessor every 3 years. This is the only scheme in the UK that inspects building companies in this manner.
- Provide 6 client references including a professional reference from which at least 3 are confirmed by the FMB Membership Department.
- Have passed independent financial checks.
- Have met with local FMB Branch approval.
- Have public and employer liability insurance.
- Have no un-discharged bankruptcies or relevant and outstanding County Court Judgments against company directors at the time of application.
- Have no un-discharged bankruptcies or relevant and outstanding County Court Judgments against company directors at the time of application.
- Are VAT registered if applicable.
- Have passed credit checks, public record and director checks.
- Have confirmed their commitment to the FMB and TrustMark's Code of Practice.
For more details call us on 0113 270 5188 or email us on info@bkpassmore.co.uk .