Prudent employers protect their investment in projects by seeking performance bonds. A bond provides the comfort of an independent assessment of the contractor's ability to complete the project and a guarantee of payment up to an agreed limit (in the UK, usually 10% of the contract price) upon default and in cases where the contractor becomes insolvent.
With our long-established reputation and the strength of the Zurich Financial Services Group behind us, you can trust the financial protection offered by a Zurich bond.
We apply rigorous vetting procedures to all contractors, taking into account their ability, experience and financial strength. Where we provide bond facilities we make a point of getting to know bonded contractors and their senior personnel.
A contractor who can supply a Zurich bond provides that extra level of confidence and financial protection.
Your contractual rights are protected even if the contractor becomes insolvent. We will work with you to decide on the most cost-effective and prompt way of completing the project
A number of employers have put in place cost-effective bond schemes with Zurich for all their projects. We would be pleased to provide further details . See our contact list to find out how to get in touch with us.
