Provided bonds, such as:
- Account Payment Bond
- Advance Payment Bond
- Contract Tender Bond/ Bid Bond
- Foreign Worker Bond/ Man Year Bond
- Performance Bond
- Sub-Contractors’ Bond
- Tenancy/ Rental Bond
This is a mandatory insurance for contractors to have before they can commence work. Instead of restricting your cash flow and placing a large sum of cash as security deposit, you can choose to purchase a performance bond to guarantee your contract obligations. We believe that your company can do better and greater things when extra cash is not tied down.
The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits.