Zurich Global Corporate UK's surety business, formerly carried on by Zurich GSG Limited has been at the forefront of the specialist surety bond market for over 60 years. We are a member of Zurich Insurance Group Limited – one of the largest insurance and financial services providers in the world.
Our superior technical expertise means that we can offer invaluable assistance with bond wordings, working with you and your advisors to identify unusual or onerous bonding risks (although we always recommend that clients should obtain their own independent legal advice on bonded transactions)
All applications receive the highest personal attention. Facility applications are usually reviewed within two working days. Once a facility is in place, we will issue bonds on the same day*
You can plan ahead and tender for new work in the knowledge that you have a facility available to meet your bonding requirements.
When a bank issues a bond, the value of such a bond is usually offset against a contractor’s bank facilities. Having a Zurich surety facility means that your working capital and bank borrowing facilities are not affected. Zurich surety bonds can be a very useful addition to your company’s liquidity.
Beneficiaries of a Zurich bond can be assured that not only have we assessed the financial strength of our clients, but also their capacity and capability to fulfil their contractual obligations to completion.
Zurich will review bond wordings, without any additional charge, and work with you and your advisors to identify unusual or onerous bonding risks.
*It may be necessary to negotiate amendments to non-standard bond forms.