Search

Highway Bonds Helping you source the most competitive quotes from multiple providers Road Bonds Insurance is required by the highways authorities for any development where roads are being constructed and will be adopted by the council after completion. If the road is not completed to the specification outlined in the planning approval the council has the resources to bring it up to standard. S38 Agreements cover new roads and S278 Agreements cover work done on existing roads. The amount of security required is determined by the council and is often higher than the developers’ own budget for the work.

Back to Application forms FG Application Last updated: 15 January 2020 Download

Back to Application forms Deposit Bond Last updated: 15 January 2020 Download

Commercial Rent Guarantees Helping you source the most competitive quotes from multiple providers Rent guarantee insurance is a risk-management product that protects landlords against loss if a lessee defaults. This insurance pays the monthly rent for a set period of time if the covered tenant stops making payments. Rent guarantee insurance protects landlords against loss of income if a tenant falls behind or defaults on rent payments. Landlords typically pay for the premiums, though it is also possible to require the tenant pay for it instead in extra rent or if the lease specifies it in writing. Insurers will look to the financial stability and creditworthiness of the tenant(s) to underwrite the policy.

Back to Application forms Personal Gurantee Last updated: 15 January 2020 Download

Financial Guarantees Helping you source the most competitive quotes from multiple providers In general, a financial guarantee is a promise to take responsibility for another company's financial obligation if that company cannot meet its obligation. The entity assuming this responsibility is called the guarantor. Financial guarantees can result in a higher credit rating, lowering the cost to the issuer. While ostensibly carved in stone, financial guarantors have been known to falter in extreme circumstances, such as the financial crisis of 2007-2009.

US AIA 310 Helping you source the most competitive quotes from multiple providers ​ ​

Utility Bonds Helping you source the most competitive quotes from multiple providers A utility revenue bond is used to fund capital projects in areas considered essential to public services including hospitals, fire service, water and waste treatment facilities, or improvements to the electrical grid. These services generate revenue through customer fees which provide cash flows that can cover debt service obligations. Utilities deliver services considered essential to their customers such as water and electrical service. Due to the necessity of the service they provide, it is common for utility revenue bonds to feature a net revenue pledge. Since these facilities are essential to the community, upkeep must be implemented to maintain them in good working order.

Single Debtor Credit Insurance Helping you source the most competitive quotes from multiple providers Credit Insurance helps protect your business from losses that may be caused by the failure of a customer to pay. It is designed to enable your business to trade with confidence and explore new markets or products, knowing that you’re protected against credit risks. Our UK based team is familiar with the business environments, customs and laws you operate within. In addition, our global reach and international expertise extends to the markets where your customers and prospective customers are based. This allows us to provide you with the benefit of our worldwide knowledge, combined with a cross-border team that works closely together regardless of where they’re located within the world.

Back to Application forms IBG Last updated: 15 January 2020 Download

Back to Application forms Duty and VAT Last updated: 15 January 2020 Download

On Demand Bonds Helping you source the most competitive quotes from multiple providers Bonds can be 'on demand' or 'conditional', with conditional bonds requiring that the client provides evidence that the contractor has not performed their obligations under the contract and that they have suffered a loss as a consequence. With on-demand bonds, the bondsman pays an amount of money set out in the bond immediately on demand in writing without needing to satisfy any preconditions whatsoever (including establishing the contractor’s liability) unless the demand is fraudulent. On-demand bonds tend to be common in international projects but are less normal in the UK were they are generally resisted because of their draconian nature.