SURETY BONDS

FLEXIBLE FINANCIAL GUARANTEES

SURETY BONDS AND GUARANTEES

Surety bonds are a popular alternative to bank guarantees. Utilizing the insurance sector enables you to free up banking lines, enhancing working capital which can be used for other things. Adequate bonding lines are essential to ensure you remain competitive and comply with your contractual and regulatory obligations.

A surety bond supports and protects the contractual obligations you have entered into with a customer, supplier or partner. It is a contractual triangle relationship between you, the surety bond company (us) and the third party requiring the bond, in which we financially guarantee to your party that you will abide by the terms established by the bond.

In the event of non-performance of the specified obligations, we are there to provide compensation for loss and damage.

These financial solutions are flexible and can be used on major projects and in different trade sectors: construction bonds, bid bonds, tender bonds, contract performance bonds, advance payment bonds, retention bonds, maintenance bonds, subcontractor bonds, legal and judicial bonds, custom bonds, tax bonds, EU bonds, court bonds, juridical bonds, legal bonds, travel bonds, pension bond, etc.

An effective surety bond team:

Our surety bond specialists collectively have more than 50 years’ experience. We pride ourselves on providing an innovative and efficient service underpinned by regular communication, as well as obtaining attractive terms and premiums.

Surety underwriters:

We’ll approach underwriters on behalf of clients who might otherwise have turned to their bank for a bond. We’ve developed excellent relationships with all regulated surety bond underwriters, which strengthens our negotiating position and ability to offer competitive terms to our clients.

Our clients:

Our clients range from independents to multinationals. Start-up businesses can be accommodated too but are usually required to pay cash collateral and provide personal guarantees due to their lack of financial history.

Types of surety bonds:

We place all types of surety bond, and through our network can arrange bonds in many countries. This includes performance bonds, Highways Act bonds, advanced payment bonds, HM Custom & Excise bonds, pension bonds, retention bonds, environmental bonds, rural payment agency guarantees, and travel bonds.

HOW DOES A SURETY BOND WORK?

1. Need identification: You contact us and explain your need, linked to providing security in support of a contract.
   
2. Documentation: We ensure documentation is complete and make it the cornerstone of the relationship between all parties.
   
3. Risk analysis: You provide complete information for review, and our team of underwriters shares insight and advice.
   
4. Bond facility set-up: We agree on the final surety  bond facility structure and ensure it is established quickly.
   
5. Fulfilled obligations: If you fulfill your specified obligations, northing further happens and the bond will eventually expire.
   
6. In case of a filed claim: We will investigate the claim, determine if it is valid and follow up with you on next steps.
   

BENEFITS OF INNSGIMER

• Reliability: We’re a reliable reference for your beneficiaries thanks to our AA rating from Standard & Poor’s, accepted by corporations and banks across the globe.
• Liquidity: Our surety bonds are a financing alternative to bank bonds and allow you to free up liquidity and tender for contracts knowing that credit lines with your bank won’t be affected.
• Growth: Our bonds give you the confidence to enter new projects, and allow you to continue developing your business and trade with new clients, domestically and abroad.
• Personalized service: We evaluate each client on an individual basis and tailor solutions to your unique needs in order to find the optimal solution for your business.
• International Reach: Thanks to our global insights and surety teams around the world, we support you in your global activities and international bond requirements, and provide centrally-managed surety programs to companies operating in several countries.
• Experience: We are one of the most experienced global surety providers, with knowledge of local regulations and business practices. Every year, we provide bonding facilities worth around € 40 billion to approximately 3,000 clients.