What Trade and Construction Guarantees Insurance offers
Construction Guarantees
The construction industry requires a broad range of guarantees, the full complement of which our expert guarantee underwriters cater to, includes:
- Bid Bonds/Guarantees
- Performance Guarantees
- Advanced Payment Guarantees
- Retention/Defects Liability Guarantees
Trade Guarantees
- Commercial Fuel Guarantees to Fuel Majors
- Retail Fuel Guarantees to Service Stations
Revenue Authority Guarantees
- Customs and Excise Bonds
- Warehouse Bonds
- Namport Bonds
- Road Bonds
Some of the major benefits of the Insurance-backed guarantee are:
- Provides the employer/supplier comfort against non-performance of contractual obligations and therefore increased costs of completion or non-payment
- Provides the client with increased cash flow and working capital
- Protects the client against non-payment of retained funds in the absence of a guarantee, should the employer not be in a position to make payment
