Evolution Insurance Group
Go One Better
19988B_banner_80.jpg

Surety Bonds and Guarantees

surety bonds
and guarantees

 

We specialise in providing Surety Bonds and Guarantees Insurances for small and medium sized companies (SMEs) and their directors.


The term Surety Bond is used to describe the following products:

  • Performance Bond
  • Retention Bond
  • Outsourcing Bond
  • Bid Bond
  • Maintenance Bond
  • Sewer Bond
  • Pension Bond
  • Landfill Bond
  • VAT Guarantee
  • HMRC Guarantee
  • Warehouse Guarantee
  • Construction Guarantee Bond
  • Advance Payment Bond
  • Off-Site Materials Bond
  • Tender Bond
  • Highway Bond
  • Rural Payment Agency Guarantee
  • Transfrontier Waste Shipment Guarantee
  • Duty Deferment Guarantee
  • Environment Agency Bond
  • Deferred Payment Bond
  • Personal Guarantee Insurance

Performance Bond
A bond by which the Surety provider agrees to pay an Employer damages in the event of contractual non-performance.

Construction Guarantee Bond
A performance bond geared towards the construction sector and construction contracts.

Retention Bond
A bond which allows Employer to pay retention monies to the Contractor in advance of practical completion and making good of defects.

Advance Payment Bond
A bond which guarantees to an Employer their upfront payment to a Contractor.

Off-Site Materials Bond
A bond which guarantees payments made by an Employer to a Contractor for goods which are held off site before they are required for a project.

Bid / Tender Bond
A bond which is often submitted with a tender to demonstrate to the Employer the ability of the party tendering to commence the contract if it is awarded to them.

Sewer Bond
A bond which guarantees to a local water company that drainage and / or sewer systems will be provided to a standard that they can then adopt.

Pension Bond
A bond to a local authority which protects them in the event that a private sector firm, who has taken on one of their former employees, fails to continue making payments to the employee’s local authority pension scheme should they choose to continue being members of it.

Environment Agency Bond / Scottish Environmental Protection Agency Bond
Bonds in favour of these agencies for a variety of bespoke purposes.

Restoration / Reinstatement / Landfill Bonds
Bonds which guarantee that land is returned to an agreed state.

Transfrontier Waste Shipment Guarantee
A guarantee which provides protection to The Environment Agency for waste shipments.

Duty Deferment Guarantee / VAT Guarantee / Warehouse Guarantee
These are guarantees in favour of HMRC.

Rural Payment Agency Guarantee
A guarantee from an importer to the Rural Payments Agency in lieu of a cash deposit.

Deferred Payment Bond
This is a guarantee that a future payment will be made and is often used in connection with a property or business purchase, e.g. Management Buy Out (MBO) or Management Buy In (MBI).

Personal Guarantee Insurance
Provides indemnity to directors who have given their personal guarantees in respect of loans, hire purchase agreements, surety bonds etc.


We work with specialists to provide insurance cover which meets the requirements of the major lenders in the UK.


Our experienced team of qualified professionals are very experienced in all aspects of this class of insurance.

 

Get a quote

We at Evo Insurance know that finding the right insurance for you is a choice not to be taken lightly. That’s why we offer free quotes to walk you through your needs, the scope of your goals, and your budget.

GET A QUOTE ▸