Guarantee Protection Insurance

GPI is an independent body providing insured protection for damp and timber guarantees and is available from many PCA contractor members. This valuable low cost single premium insurance ensures that the guarantee continues to provide protection even if the contractor goes out of business.

Probably the most frequent enquiry made to the PCA concerns guarantees issued following timber treatment and damp proofing works. PCA members commit themselves to honour their guarantees and a high proportion of members have been in business for many years, evidence of the tough criteria for membership in the first place.

Many of the guarantee enquiries to the Association however, reveal that a lot of companies go out of business leaving their guarantees worthless. A high proportion of such companies were not PCA members in any case but members themselves are not immune from business failure in times of recession. Recognising this, the Association helped to form the Guarantee Protection Trust over 15 years ago. The Trust is open only to members of the PCA and members can offer their clients long term insurance for their guarantee on payment of a once-only premium. If the company then goes out of business and a valid guarantee claim arises then GPT insurance will cover the cost of any necessary guarantee work.