Security bond

Why are security bonds necessary?
As a contractor, you face contractual and legal obligations that must be backed by various types of security bonds.

Tendering security bonds
Tendering security bonds guarantee your good faith to the tenderer. If your tender is accepted, you will be able to conclude the deal and to determine the project’s timeframe and price. Your insurer will then, if required, issue a contract fulfilment security bond to the tenderer.

For more information on this insurance program, contact one of our brokers!