Not a traditional insurance product, Surety Bonds provide a financial guarantee that a contractor or business will fulfill its contractual or legal obligations. Commonly required for construction projects, government permits, and commercial agreements, the bond protects the obligee if the principal fails to perform as agreed. In such cases, the surety company may answer for the loss, subject to the bond’s terms and conditions.
Note
Coverage and benefits are subject to the terms and conditions of the policy.
Requirements
Simple steps and what to prepare for better protection.
Application Form
Proof of Identity and Age (eg. Valid government-issued ID)
Medical Declaration for high-risk occupations
Submission of additional documents / information as deemed necessary by the insurance company