Bonds or Surety Guarantees are a written promise to pay for direct loss or damage suffered by a third party as a result of a breach of contract. Many types of Bonds or Guarantees are subject to underlying security and the risk being acceptable to the Guarantor.
At EFCIS, we have the expertise to place Bonds and Surety with a number of specialist Underwriters.
Surety and Bonds are acceptable as an alternative to traditional Bank Guarantees with the added benefit of not tying up Working Capital with the Bank.
Please click on the request for more information in the box below which includes a drop-down box with various types of Bonds.