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Advance Payment Bonds

If you receive an advance payment from your client, an advance payment bond can secure the payment until the work has been completed or the services have been provided. Normally the amount of the bond equals the sum advanced.

Highlights

  • Facilitates payments to contractors prior to work being done. This is vital for contractors’ cash-flows in circumstances when there are significant costs of mobilisation on projects or where it is necessary to pre-order particular materials or goods with long lead-in periods.

Best For

  • Main contractors
  • Sub-contractors

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions. 
financial strength

Our financial strength ensures our clients will always be protected.

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holistic portfolio

Our holistic portfolio of products includes more than 100 classes of specialty insurance

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Tokio marine

Tokio Marine HCC is part of Tokio Marine, one of the largest P&C insurers in the world

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