Thu, 22 May 2008

 
Surety

 

Tailored underwriting solutions to guarantee your financial security.

 

What is surety?

 

It is a bond or guarantee which provides security to protect a Beneficiary against the default or insolvency of the Principal up to the limit of the bond.

 

It may also be issued to protect a government department against failure of an enterprise to pay taxes or customs duties.

 

We provide the following bonds:

 

Performance Bonds

 

These are guarantees which protect an employer against failure of a contractor or supplier to complete a contract in accordance with its terms and specifications.

 

Duty Deferment Guarantees

 

These are guarantees covering the payment of Duty & VAT due to H M Customs & Excise and provide them with protection against payment default or company insolvency.