OAKSIDE SURETY BONDS
SUBCLASSES
- Construction Performance
- Bonds
- Advance Payment Bonds
- Retention Bonds
- Bid Bonds
- Development Bonds
- Highways Act Bonds
- Duty Deferment Bonds
TARGET CLIENTS
- Construction Companies – Main Contractors
- Sub-Contractors – Various Trade Contractors
- Developers – Residential and Commercial
Developers - Civil Engineering Contractors
- Heavy Engineering Contractors
- Companies requiring utilisation of Customs Bonds
APPETITE
- All subclasses, on either a direct or brokered basis
- Co-surety/Facultative Reinsurance sharing
arrangements
COVER
- Surety/guarantor – protection for
- commercial employers
- local authorities
- government departments; and
- quasi/government organisations
- Duty deferment bonds – protection to HM Customs in
relation to deferred duties/taxes.
CAPABILITIES
- Territorial Limits: United Kingdom & Republic of Ireland
- GBP 10m maximum accumulation per risk or Group
- Maximum duration: 60 months