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- Commercial Rent Guarantees
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.
- Personal Gurantee
Back to Application forms Personal Gurantee Last updated: 15 January 2020 Download
- Financial Guarantees
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
US AIA 310 Helping you source the most competitive quotes from multiple providers
- Utility Bonds
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
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.
- IBG
Back to Application forms IBG Last updated: 15 January 2020 Download
- Duty and VAT
Back to Application forms Duty and VAT Last updated: 15 January 2020 Download
- On Demand Bonds
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.
- Performance Bond
Performance Bond Helping you source the most competitive quotes from multiple providers A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects. Performance bonds are provided to protect parties from concerns such as contractors being insolvent before finishing the contract. When this happens, the compensation provided for the party that issued the performance bond may be able to overcome financial difficulties and other damages caused by the insolvency of the contractor.
- AOB Bond
Back to Application forms AOB Bond Last updated: 22 January 2020 Download
- Surety Reinsurance
Surety Reinsurance Helping you source the most competitive quotes from multiple providers