Performance Bonds Insurance

A performance Bond covers the damages suffered by the customer in the event of a non-performance of contract by the contractor.

Commercial enquiries 01282 858 279 Personal enquiries 01282 858 284

A performance Bond covers the damages suffered by the customer in the event of a non-performance of contract by the contractor.

Performance Bonds: What you need to know

A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of “good faith money”, intended to secure a future contract.

What should I do?

  • Obtain details of the bond amount and period
  • Copy of the bond wording
  • Copy of your latest published accounts and a copy of your latest management accounts

Contact us today!

For a bespoke insurance quote or for more information on the areas we cover, call us on:

  • Commercial: 01282858279
  • Personal: 01282858284

Or send your enquiry, we will get in touch as soon as possible.

Send your enquiry