Our services described in this section are not subject to regulation by the Financial Services Authority.

Insurance Bonds & Guarantees.
Bond insurance is tailored to the individual's requirements and personal guarantees are not always required. We recognise the need for a quick turn around in providing terms and issuing documents and at Intersure we have a flexible approach.

The general principle is that if a Company fails to meet their contractual obligations (usually because they have ceased trading) the Surety pays the bond value to the Employer. The Surety then seeks reimbursement from the Company. Unlike the bonds offered by a Bank, our markets do not always require Personal Guarantees.

Performance Bonds
These are available for any industry, but are most commonly required in the building trade. The principle is that the bond value will be paid to the Beneficiary in the event that the Contractor fails to complete their contract. This enables the Beneficiary to pay another contractor to finish off any outstanding works.

Rent Guarantee
A Rent Guarantee Bond offers peace of mind for landlords of commercial premises. In the event a tenant does not pay their rent, the landlord will receive payment of rent as and when it would normally be due, until such time as the bond has expired or the premises have been re-let.

Deferred Payment Bonds
A guarantee of deferred payment may be required where payment is made in phases. For example, in a management buy out situation the purchasers may pay half at the time of sale and half at a later date. A deferred payment guarantee protects the vendor should the second payment not be made.

On Demand Guarantees
This is a rather onerous type of bond wording, where the bond may be called regardless of whether the terms of the contract have been broken or not. Traditionally provided by banks, we can offer an alternative market.

Advance Payment Bonds
NHBC Bonds
This is a specific type of Performance Bond required by the NHBC when new companies register with them.

Section 38 & Section 104
Highways and Sewer Bonds as required by local authorities.

Other
There are many other types of bond available, if you're not sure what kind of bond you need, or it is not on the list please contact us.

Background information to be submitted with the proposal form:

Latest audited accounts
Current management accounts
Aged debtors list
Details of any existing bonds in place
For start up companies where accounts are not be available,
please call us as an additional form may be required.

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