Warranty period guarantee provides the client with financial protection against the risk that the contractor or supplier will not remedy defects during the warranty period.
This guarantee ensures that all contract-related quality work is completed even after the facility is handed over for operation.
A warranty period guarantee covers risks if defects related to construction work quality or material shortcomings are discovered after handover. It provides the client with peace of mind even after project completion.
The company does not need to freeze its own funds or open additional credit lines. An insurance guarantee. We also recommend civil liability insurance and property insurance provides the necessary coverage with minimal impact on the company's budget.
If defects arise, insurance will cover the necessary repairs or remediation costs. This allows the client to continue using the facility without financial losses.
A warranty period guarantee shows that the company stands behind the quality of its work and is ready to take responsibility. This improves the company's image and strengthens trust from partners and clients.
After handover of a new office building, a heating system leak occurred, damaging walls and flooring. Losses: ~€16,000. The warranty period policy would cover repairs and material replacement, protecting the business from additional costs.
In an office building, the ventilation system did not operate to standards, causing employee discomfort. Repair and adjustment costs ~€13,000. The warranty period policy would provide coverage, protecting the business from complaints and financial losses.
In a new hotel building, a bathroom leak occurred, damaging tiles and furniture. Losses: around €9,000. The warranty period policy would cover plumbing repairs, material replacement, and room restoration.
In a new warehouse building, the floor surface deformed after handover, threatening loading operations. Repair costs ~€11,000. Insurance would guarantee coverage for damage remediation, maintaining a safe working environment.
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After payment, the policy will be sent to your email. Everything is done remotely
It is an insurance guarantee that protects the client against losses if the construction contractor or supplier fails to repair defects discovered during the warranty period.
In construction, typically 2 - 5 years, depending on the facility and contract terms. In some cases, up to 10 years.
Usually 2 - 10% of the contract value. In public procurement, the amount is determined by the client or procurement documentation.
Yes, it compensates the client's expenses if the supplier does not perform the necessary repair work during the warranty period.
Yes, in simple cases within 1 business day. For large projects, 1 - 3 days may be needed.
Yes, our services are free. We receive compensation from the insurers.