Corporate: Bonds Insurance
Managing your investments
- Performance Bonds: A Performance Bond is a surety bond issued to guarantee satisfactory completion of, or performance on a project by a Contractor.
- Bid Security Bonds: Provides a guarantee to the project owner that the bidder will complete the work if selected. The existence of a bid bond gives the owner assurance that the bidder has the financial means to accept the job for the price quoted in the bid.
- Retention Bonds: Guarantees that the contractor will carry out all necessary work to correct structural and/or other defects discovered immediately after completion of the contract, even if full payment has been made to the contractor.
- Advance Payment Bonds: An Advance Payment Bond is a Surety product that protects the money being Advanced to a Contractor at the start of a project. The Bond will protect the Beneficiary for the full Advanced amount should the Contractor default on the agreement.