GGFi outlines its high value commercial products

As a leading insurance administrator of insolvency products, GGFi is aware clients in the construction and home improvements industry are ever more so looking for ways to protect their investments in large-scale projects.

The Carillion collapse has led a number of specifiers to now seek greater protection against the insolvency of contractors they utilise.

Thankfully, GGFi has in place an agile, client-focussed solution to aid contractors in obtaining the cover they need, with the ability to provide quotes for a wide variety of circumstances – offices, warehouses, schools, retail units, hotels.

No matter what the scale or nature of the project may be, GGFi’s commercial referral services can help; GGFi’s insurance solutions are not just limited to glazing, with insurance for curtain walling, roofing, general building and a host of other installation types all available.

GGFi’s Commercial Administrator Irene Akpojaro outlined the principles behind this service: “We are aware that each project and each client can be different – presenting a variety of challenges for installers and insurers alike.

“Our commercial warranty insurance product is therefore tailored to be as flexible as possible whilst still providing competitive rates at a very swift turnaround.”

Pete Matthews, from P.M.H.I. Ltd, talked about his first hand experience of GGFi and his successful Insurance Backed Guarantee (IBG) for a Building Project: “On Thursday 10th May I contacted GGFi to see if they could help us with an IBG for a large project we were due to start on Monday 14th May 2018.

“I was aware of the short notice and the urgency to get this project covered as soon as possible – Irene contacted us to discuss our requirements and to take the necessary documentation.

“Then, on Friday 11th May she confirmed that she had obtained the perfect cover for the project.  She liaised with us and the underwriters to implement the policy and to make sure the cover was ready for the start of the build on Monday 14th May. Fantastic! Thank you so very much for your speedy, outstanding and professional service.”

Irene added: “With project values sometimes running into seven figure sums, we know what can be at stake and with this in mind, we seek to provide a thorough, user-friendly service that aims to keep clients advised at all stages within the process.

“These projects can be complicated, but that is one of the reasons we are here and are providing this service – to help remove some of these complexities, advise accordingly and ultimately enable clients to be armed with the quotes and policies they need.”

Whether for a tender for a Local Authority or Housing Association that encompasses a number of dwellings or a single property for which a commercial contractor requires insolvency insurance, GGFi’s system is proven to provide a bespoke, friendly service that gets to the heart of a client’s requirements quickly.

Alan Hodge at N&P Windows Ltd said: “We use GGFi to provide insurance backed guarantees and find their overall service is very good. Their response to requests for quotations is swift, and guarantee documentation is expedited quickly and efficiently.”  “

Sheila Bevan at Renolit UK Ltd said the GGFi has an excellent service as a whole, with most quotations, invoices and policies are returned ‘very quickly.’

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GGFi
40 Rushworth St
London SE1 0RB
020 7645 3744
https://www.ggfi.org.uk/