Areas of Cover Include
Contract Bonds, Commercial Bonds
Surety bonds are an integral part of the construction process, providing protection to the principal client such as a project owner against the default or non-performance of a contractor
They offer a unique alternative to bank guarantees, the traditional form of contract security. From the principal client's view, there is the added advantage that the contractor's performance ability has been risk assessed by our underwriters. Approved contractors have access to a facility providing highly rated surety bond 'paper'