Surety Bonds
Get a QuoteSurety bonds are used throughout a range of trading professions, whether here in the UAE or internationally. They are used to help businesses secure work, and make a guarantee that something will be done to the required specifications, and used as a safety blanket if anything were to go wrong.
They are most popular in the construction industry. For example, a local authority will use them to help guarantee the building of a new school by a third party company is built to standard and on time. If not then the bond will be used to finance finishing the job.
At Axios Insurance & Reinsurance Solutions DMCC, we understand the importance of getting the correct bond in place to help your business. There are many types of bonds, all different in their own way. For this reason bonds can be complex, and hard to understand if it’s a new concept to you. We will help you to find the right bond for the best price to help secure your contract.
What We Offer
____
1. Competitive rates from top insurers
2. Deal with the same adviser throughout the process
3. Able to provide bonds throughout UAE
4. Each bond bespokely assessed
Get a Quote
Fill in the form below and our team will be in contact shortly to give you a quote.
To get a quote for your surety bond there are many factors that we need to access. The forms below will help you to provide all these details, such as your company financial information and history and the details of the project.
Surety Bonds FAQs
Who does a Surety Bond involve?
A bond will involve the following three participants:
| The Surety | The Principal | The Obligee |
|---|---|---|
| Entity providing guarantee | You | The party who requires the bond |
What is a Surety Bond?
Surety bonds are a financial guarantee put in place to ensure that the obligations of a contract are met. If they are not, then the bond acts like an insurance, and can be claimed upon to help fulfill the terms of the contract.
To find out more click here.
What Surety Bonds are available?
| Advance Payment Guarantee | Pension Bond |
| Bailiff Bond | Performance Bond |
| Completion Guarantee | Purchase Guarantee |
| Construction Guarantee | Reinstatement Bonds |
| Contract Guarantee | Remediation Bond |
| Deferred Payment Guarantee | Rent Deposit Guarantee |
| Deposit Protection | Rent Guarantee |
| Development Bond | Restoration Guarantee |
| Duty Deferment | Retention Bonds |
| Landfill Bonds | Road Bonds |
| Materials Supply |
Sewer / Water Bond |
| Payment Bond | Warranty Bond |
| Payment Guarantee |