Bond
Insurance
Have you been asked to submit a bond in support of a contract you are bidding for or for a contract you have won? Did you require a bond or a guarantee for uncustomed goods cleared by Customs? If your answer is yes, then you need the help of a Safeguard Insurance Brokers to assist you in getting a Construction or Supply Bond or any of the Custom Bonds.
Construction Bonds
This cover includes Bid Bonds, Advance Mobilisation Bonds, Performance Bonds, and Retention Bonds which may be required as necessary guarantees in a contract as a way of providing comfort to the Employer on the faithful performance of the Contractor.
Requirements for a Premium Quotation:
- Proposer’s details (name, address, contact number, email)
- Description of Contract
- Type of Bond required
- Bond Sum
- Contract Sum
- Name of Employer
- Effective Date of Bond
- Duration of Bond
Customs Bonds
Are needed as security for uncustomed goods (i.e. where custom duty and taxes have not been paid on the goods). The Bonds expire on the duration given in the bond or when the customs duty and taxes have been paid.