Ten-Year Contractor Guarantee: Who Qualifies and What You Get

This is a mandatory insurance coverage that protects property owners against major structural issues or defects following construction or renovation work. It is a private system regulated by the ACPR to ensure that buildings remain safe and sound for years after work is completed.

👤Who it's for

This protection is managed through your contractors. It is essential for property owners, whether you manage residential or commercial buildings, to ensure that any vendor performing work on your property carries this specific coverage. You must verify with your vendors that they are properly insured to avoid personal liability for structural issues.

🎁What you get

If major structural failures or serious damage occur as a result of construction work, this guarantee provides protection to cover the costs of repairs. This coverage is designed to address significant defects that compromise the solidity of the building or render it unfit for its intended use.

💰What it costs you

There is no separate application fee for this scheme. The cost of this mandatory insurance is typically included within the overall service fees charged by your contractor when you receive your quote or invoice.

⚠️The catch to know

The most common mistake is failing to request and review the contractor's insurance certificate before you sign any contracts or begin work. You must ensure that the certificate is current and specifically covers the nature of the work being performed on your property to ensure you are not left unprotected.

📝How to apply

1. Ask your contractor for their official insurance certificate before signing any agreements.
2. Verify that the certificate specifically covers the type of work being performed on your property.
3. Confirm that the certificate is valid for the duration of your project.
4. Keep a digital or physical copy of the certificate in your property records for your protection.