Credit And Suretyship

Bonds and guarantees are in actual fact function of Banks. However, in general insurance it is written to support engineering portfolio where contractors are issued various types of bonds/guarantees as given hereunder:

  1. Bid Bond.
  2. Performance Bond
  3. Advance payment Bond.
  4. Retention Money Bond.
  5. Maintenance Bond
  6. Custom Bond
  7. Transportation Bond.

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