Contractors
The advantages of having a Zurich Bond facility.
- Improved working capital as banking facilities are not reduced by bonding lines. Experienced Finance Directors and Treasurers regard a Zurich facility as being an essential complement to banking facilities.
- You can plan ahead and tender for new work in the knowledge that you have a facility available to meet your bonding requirements.
- As your customers' requirements will vary, our underwriting is flexible and responsive.
- We review bond wordings at tender or negotiation stage (without any additional charge) and work with you and your advisors to identify unusual or onerous bonding risks.
- We understand the issues you face.
Remember, we are here to help you.
Once you have a bonding facility we will give your bond applications individual attention and encourage you, as part of your own risk management, to work with us in checking bond wordings at tender or negotiation stage to address problematic conditions. We will work with you and your customer to provide a bond that works for you both
