Bid Bonds

If you submit a tender for a public work contract, you may be required to post a bid bond. The bid bond guarantees that if you win the bid, you will proceed to enter into contract and to perform the work as set out your bid. It may also guarantee your obligation to provide a contract performance bond if your bid is successful.

Highlights

Allows for bids to be submitted on public works contracts that may otherwise be rejected in the absence of a valid bid bond.

Best For

  • Contractors bidding for public work contracts

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, 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.
Our financial strength ensures our clients will always be protected.

Our financial strength ensures our clients will always be protected.

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Tokio Marine HCC Product Breadth

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

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Tokio Marine HCC is part of Tokio Marine, a $31 billion company.

Tokio Marine HCC is part of Tokio Marine, a $31 billion company

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