About surety and guarantee bonds
A surety bond is a three party guarantee. The surety assures the obligee that the principal will perform a contract or meet a legal duty, and if the principal defaults the surety steps in, then seeks reimbursement.
Bonds are widely used in construction, customs, licensing and public procurement, and they allow a business to bid for work without tying up cash as security.
What it can cover
- Bid and tender bonds
- Performance bonds
- Advance payment guarantees
- Maintenance and retention bonds
- Customs and licence bonds
- Court, fiduciary and public official bonds
Who it suits
Contractors, importers, public bodies and companies bidding for large contracts.
How Basle helps
- We listen to your situation and goals.
- We compare insurers and explain limits, deductibles and exclusions.
- We arrange the policy and keep you informed at renewal.
- We support you when you need to claim.
All cover is subject to the terms and conditions of the issuing insurer.
Related guides
Common questions
Premiums depend on the risk, the limits you choose and your claims history. Share a few details and we will return with clear options.
Simple policies can be arranged within days. Larger or specialist risks take longer because insurers need more information.
Yes. Your broker guides you through the process and liaises with the insurer on your behalf.