Surety

Surety

Surety Insurance provides financial guarantees to ensure that contractual obligations are met, protecting project owners and stakeholders from losses due to defaults or non-performance by contractors.

Overview

In sectors where contractual performance is critical — such as construction, government projects and large-scale infrastructure — Surety Insurance plays a vital role. This product offers a financial safety net by guaranteeing that a contractor will fulfill their contractual duties. If the contractor defaults, the surety covers the financial losses incurred by the obligee, ensuring continuity and reducing risk exposure. At Edme Insurance Brokers, we tailor surety solutions to match your project’s requirements, helping you secure contracts, enhance credibility and safeguard against unexpected defaults.

FAQs

  • Contractors & subcontractors: Ensuring that projects are completed as per contractual obligations.
  • Project owners & developers: Mitigating the financial risk of contractor non-performance or defaults.
  • Government agencies & municipalities: Requiring performance bonds for public projects.
  • Infrastructure & construction firms: Protecting investments in high-stakes projects.
  • Businesses engaging in large-scale contracts: Needing financial guarantees to build trust with stakeholders.

  • Bid bonds : Guaranteeing that a contractor will honor their bid and sign the contract if awarded.
  • Performance bonds : Ensuring the contractor completes the project according to contract terms.
  • Payment bonds : Protecting suppliers and subcontractors by ensuring they receive payment.
  • License & permit bonds : Complying with government regulations and ensuring proper conduct.
  • Custom surety solutions : Tailored to specific project requirements, providing comprehensive risk mitigation for contractual obligations.

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DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.