Bonds & Surety Guarantees

Performance bonds – Performance bonds provide our clients with a financial guarantee to fulfil the performance of their contracts where there is a chance that financial constraints may lead to the construction company becoming insolvent and failing to complete the contracted works.

NHBC bonds – This is a specific type of performance bond required by the NHBC when new companies register with them to cover NHBC Guarantees.

Bid bonds – Bid bonds guarantee the performance of the contractor in the event that they win a tender.

Retention bonds – Contractors can offer retention bonds to employers to get them to reduce the amount of retention required under the contract.

Advance payment bonds – These bonds cover employers who want to make a payment to a contractor to purchase materials in advance but are concerned that if the contractor becomes insolvent during this time they will lose their money.

Section 38 and 104 bonds – These are highways and sewer bonds required by local authorities.

Rent guarantees – Landlords, both residential and commercial, are always dependent on the ability and willingness of their tenants to pay. Our rent guarantee insurance not only ensures payment but also provides covenant enhancement thus increasing the value of the property.

Deposit guarantees (tenants) – We can provide bonds in lieu of tenant deposit.

Bespoke surety products – There are many other types of bonds we can offer.