A Surety bond, also known as a ‘surety guarantee’ is a promise to pay on the part of a third party, the surety, to a contractual party where another contractual party has failed to fulfil its obligations under the contract.

This will normally be due to the default or insolvency of the party that has failed to fulfil its contractual obligations. Today’s competitive marketplace demands certainty of contractual promises, constant focus on cost reduction, and increased working capital.

Our specialists provide organisations with innovative surety bond advisory services to support their business resilience and growth objectives. Global Insurance has the expertise to help with the placement of such surety bonds and other related guarantees.