Credit Insurance Brokers (UK) Ltd

In certain trade sectors your customers, particularly local authorities, will ask for bonds or guarantees to protect them should agreed performance levels not be met by you as the supplier. We therefore provide bonds through specialist underwriters, not banks, with the following features:

Bonds are often unsecured and ‘off balance sheet’

They do not impinge on existing bank security

They complement existing bank facilities

Bonds are conditional and therefore no ‘On Demand’ call is allowed, providing you with protection from an ‘unfair’ call.

Standard or Bespoke Wordings

Rates from 1% per annum

Types of Bond

Performance Bonds

Advance Payment Bonds

Retention Bonds

Bid/Tender Bonds

Highway Bonds

Duty Deferment/Customs Bonds

Bonds can be arranged either on a ‘one off’ basis or a facility established, providing certainty of availability when entering into negotiations for contracts.
Should you have a requirement for bonds then it is important that you contact us at an early stage when negotiating for a contract in order that we can review financial information and bond wordings.