Insurance Bond
Insurance Bond is an alternative to Banker’s guarantee. When a bank issues a banker’s guarantee, it requires either full cash deposit placed with them or holding a charge over your property.
Insurance bond is issued by insurance company and unlike bank, an insurer will not require the same level of security which a bank will impose on you, and if your company is assessed to be credit worthy, no security is required. Most importantly, beneficiaries such as government bodies and project developers accept insurance bond as an alternative to Banker’s Guarantee.
Take advantage of our service to arrange for insurance bond to replace your existing Banker’s Guarantee so that you can free up your cash and property.