• Broker
• Credit Lines
• Surety and Bonds – UK and Europe

• Broker
  • Credit Lines
    • Trade Credit
    • Surety and Bonds – UK and Europe
    • Coverage

Surety and Bonds – UK and Europe

Bonds are designed to provide third party protection to employers against loss or damage suffered as a result of breach of contractual obligations by a contractor. In the UK, QBE is able to offer a number of different traditional classes of bonds enabling clients to offer independent security to customers and employers. We target medium to large organisations in construction and related sectors and will consider many other types of bond including HMRC requirements and rail franchise bonds.

The underlying risk for surety bonds is the risk of financial failure. We therefore require at least two years’ successful trading history demonstrating good financial health and supported by full report and accounts and details of banking facilities. Where appropriate we may also request sight of management accounts. If the risk company is part of a larger group, we will also assess financial viability at group level. We will always require a satisfactorily completed proposal form, and all bond issues must be supported by a corporate counter indemnity from the risk company or group.

	Area	Link
	Australia	http://www.qbe.com.au/Business/Surety/Insurance.html
	France	http://www.qbeeurope.com/france/en/bonds.asp
	Germany	http://www.qbeeurope.com/deutsch/en/surety.asp

UK Contacts

European Contacts