Surety Bonds Insurance, Domestic and International Bonding

This is a kind of insurance used to cover several buyers’ and contractors’ risks when participating in a bid, domestic or international.

The contractor is the company committed to performing the contract. In the surety bond, it is defined as the Principal.

The buyer will be the company or institution to whom the products or services are destined. In a surety bond, it is the Obligee.

A financial institution, usually an insurer, will guarantee that the Principal will perform their contractual obligations properly. known as the Surety Company. They will receive an insurance premium in exchange for covering this surety bond risk.

This is a type of financial insurance commonly used in developed countries such as European Union countries, the United States, as well as in other parts of the world (South America – financing -, Eastern countries, Africa or Australia).

This kind of insurance eases international trade and avoids financial limit restrictions if issued by an insurance company.

The guarantee to the Obligee is mainly provided by the solvency of the Surety provider which should be one of the best premium insurers.

We have extensive experience dealing with this kind of risk with first line insurers and will be glad to work on any specific needs you may have in this field.

We are able to provide financial lines with international insurers and local guarantees if needed.