The no-risk alternative

Insurance backed

Why do you need insurance?

Zero Cost to the client

Non adversarial

Independent auditing

Quality assured

Inflation proof guarantee

Only available from PRO-net

Simplified claims

A true 'best-value' solution

Which systems are covered?

Client obligations

When is the Guarantee issued?

Why are Bekaert doing this?

Limit of Indemnity

The no-risk alternative

The no-risk alternative to company-specific guarantees where:

• The cover is only as good as the company behind it

• The payment of annual premiums is required

• Only the material is covered, not the installation

• A claim will invariably result in a protracted dispute

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Insurance backed

BEKassure projects are insurance-backed for full ten year period

• All BEKassure™ premiums are paid up-front by Bekaert

• The payment of a single up-front premium by Bekaert means that each BEKassure™ project is automatically covered for the entire guarantee period

• The insurance will not lapse and no party has to remember to pay

• Remember - insurance companies are in the business of reducing risk

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Why do you need insurance?

Why do you need a BEKassure Guarantee?

• Because in practice it can be very difficult over the life of a fencing system to establish the true cause of a failure

  • was it a defective product?

  • was the coating to blame?

  • was it just badly installed?

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Zero Cost to the client

The BEKassure Guarantee is genuinely ZERO-COST to the client

• Single, full-term insurance premium paid by Bekaert

• You don't pay any extra for a genuine guarantee

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Non adversarial

Non-adversarial dispute resolution

• By having the risk insured, the owner has no need to prove fault or resort to litigation to make a claim

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Independent auditing

All BEKassure projects are independently audited to ensure a high standard of installation

• The auditor works for the insurer and protects the interests of the underwriter and the owner

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Quality assured

All BEKassure systems are manufactured to international Standards

• Quality Assurance to BS EN ISO 9002

• Environmental standard to BS EN ISO 14001

• Gates to latest European Safety and Quality Standards incl BS EN ISO 12453 and Socotec

• "Investors in People" accredited

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Inflation proof guarantee

BEKassure Guarantees are inflation-proof

• Building Index linked

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Only available from PRO-net

The BEKassure Guarantee is only available through the PRO-net Licensed Contractor Network

• Not a club

• A national network of independent and competing fence installers

• All PRO-net™ contractors must earn their status annually and comply with the terms and conditions of their PRO-net™ Licence incl. provisions for health & safety, environmental policy etc.

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Simplified claims

Simplified claims

• all claims handled by insurance company

  • no arguments with contractor

  • no arguments with manufacturer

• non-adversarial

• independent arbitration

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A true 'best-value' solution

BEKassure™ is a true 'best-value' solution

• Excellent whole-life value for money

• No need for client supervision or retentions - all jobs are independently signed off

• An ideal basis for long-term partnering relationships eliminating the need for traditional competitive tendering

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Which systems are covered?

Which Bekaert Systems carry the BEKassure Guarantee?

• The BEKassure™ Guarantee is available on the majority of complete Bekaert panel-and-post systems

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Client obligations

What obligations does the BEKassure Guarantee place on owners?

• very few!

• This is because it is a 'no quibble', 'no small print' guarantee.

• Clients must simply:

  • State the conditions of use

  • Agree the specification with Bekaert

  • Notify any changes of use

  • Exercise a reasonable Duty of Care over the term of the insurance cover

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When is the Guarantee issued?

When is the BEKassure Guarantee issued?

• The guarantee is issued to the final customer following satisfactory completion of the fencing installation and technical acceptance by the insurer's auditor.

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Why are Bekaert doing this?

Why are Bekaert doing this?

• As Market leader, Bekaert are committed to sending the standards for others to follow

• Bekaert want to draw a clear distinction between genuine quality and inferior 'look-alike' products

• Bekaert understand that a satisfied client is a client that comes back again and again

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Limit of Indemnity

Indemnity under BEKassure™ shall not exceed the total contract value

• Year 1: 100% of the repair costs

• Year 2: 95% of the repair costs

• Year 3: 90% of the repair costs

• Year 4: 80% of the repair costs

• Year 5: 75% of the repair costs

• Year 6: 70% of the repair costs

• Year 7: 65% of the repair costs

• Year 8: 60% of the repair costs

• Year 9: 55% of the repair costs

• Year 10: 50% of the repair costs

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