Services

Your Assurance Partner RETENTION MONEY BOND Retention Bond ensures that the contractor properly completes the activities required under the contract. Full payment for goods or services procured by the principal is rarely made upon completion, as some portion is retained for the maintenance or warranty period. A retention bond enables the contractor to receive full […]

Your Assurance Partner MOBILIZATION ADVANCE BOND When the owner/employer is pre-financing a contractor by an advance payment on contract, Mobilization Advance Bond is issued on behalf of a contractor and to secure the project owner. Thus, this bond secures the Principal against the amount advanced by him to the contractor for the mobilization of contract […]

Your Assurance Partner BID BOND Bid bond is issued on behalf of contractors in connection with the submission of tenders for contracts. This bond is also called tender bond.When a Contractor desires to submit his tender for a particular contract either with the government authorities or private owner the principal/ employer usually deposit earnest money. […]

Your Assurance Partner PERFORMANCE BOND This bond is issued on behalf of a contractor and in favor of the project owner to guarantee the contractor’s default in compliance with his obligations, liabilities and faithful performance in accordance with the contact. In accordance with the law of guarantee the insurer shall indemnified by paying amount (s) […]