A bond supports a company’s (the Principal’s) contractual obligations. It is purchased by the Principal and given in favour of a project beneficiary or Local Authority (the Employer). It provides financial protection to the Employer against loss from a breach of contract/default by the Principal.
• Consistent underwriting approach
• Excellent service levels
• Over 30 years combined experience within the Surety market
• Reputable underwriting partners with strong credit rating (A M Best: A- (Excellent))
• Fully authorised and regulated by the Financial Conduct Authority