RECC requires members to protect deposits, advance payments and workmanship warranties. The Deposit and Workmanship Warranty Insurance (DAWWI) Scheme is one of the products available in the sector, listed on the PDF List. It is provided by Quality Assured National Warranties (QANW) and has been designed exclusively for RECC members to use. Please note that RECC does not derive any benefit, financial or otherwise, from QANW in respect of the DAWWI Scheme.
The DAWWI Scheme protects any deposits you have taken in the unlikely event that you cease to trade before the installation is complete. The maximum deposit you can take is 25% of the total contract value. If you take additional advance payments then DAWWI can protect these, on a case by case basis, up to a maximum of 60% of the total contract value. Contact them for more information about this.
The DAWWI Scheme also protects the written workmanship warranty that you must provide to your consumers when the installation is complete. You will be required to register each individual contract that you agree with a consumer, and pay a fee for the insurance cover. You can find pricing information here.
If you would like to take advantage of the DAWWI Scheme you first need to register your business with QANW using the link below. QANW will complete a number of checks to ensure the financial stability of your business. Provided that you are accepted, all you need to do then is to register promptly all the contracts you agree with consumers, and then, for each one, register the installation once it is complete. QANW will bill you on a variable fortnightly Direct Debit based on the contracts you have registered.