Bonds Insurance

Teacher
Category:
Business Insurance/
compulsory

A Bond is a guarantee issued by an Insurer to a Contractor for which the sum insured will be paid in the event of the failure of the contractor to carry out his obligation as specified in terms of the contract. It ensures that a third party who is the person or entity applying for the bond will meet its contractual obligations.

The insurance bond is an undertaking by the insurer to accept responsibility for the performance of the contractual obligation.

We offer various types of bond insurance:

  • Performance Bond
  • Advance Payment Bond
  • Tender for Bid Bond
  • Customs Bond
  • Credit Bond
  • Supply Bond
  • Counter- indemnity/Guarantee Bond

Product Categories

  • SPIS
  • Home Insurance
  • Personal Insurance
  • Business Insurance
  • Engineering Insurance
  • Special Risk Insurance
  • Compulsory Insurance

Recent Posts

  • Standard Alliance Insurance Assures Customers of Standard Service December 19, 2016
  • Standard Alliance Insurance reaffirms thrust of business…appoints Corporate Communications Officer December 15, 2016
  • You need Homeowners and Householder Insurance October 29, 2015
  • Legal Aspects of Insurance Contracts – A word for insurers and the insured October 29, 2015
  • What Is The Best Price For Homeowners Insurance? October 29, 2015