Insurance Services
Performance Guarantees
Performance Guarantees
Insurance Services
We have specific expertise in raising insurance-backed guarantees from leading insurers. The insurers with whom we have agency agreement are reputable and accredited with most employers in South Africa including all municipalities, state owned entities and blue-chip listed entities.
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Insurance Protection
Product Description
When a contract is awarded, a performance guarantee equaling 10% of the contract value is usually required. This guarantees the performance.
Product Description
During the period of any contract, some employers can withhold between 5% to 10% of the value of every payment made to the contractor.
Product Description
A bid bond, or tender guarantee, is a safety mechanism for employers regarding contractors that may default before or on the tender being awarded.
Advanced Payment Bond
Product Description
The employer advances a certain amount of money to the contractor for work to be completed. The advance payment can be used to purchase plant, machinery.
Material on/off Site Bond
Product Description
Before any delivery of materials to site or constructed into the works, the contractor can obtain payment for the materials from the employer.
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Tailored precisely to your needs, our range of insurance products spans auto, home, health, and beyond. We’re dedicated to crafting comprehensive solutions that harmonize with your individual requirements. With our expansive coverage, rest assured you’re fortified against the unforeseen.
Rely on our steadfast team to deliver insurance that not only safeguards your assets but also secures a prosperous future for you and your cherished family.
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