Performance Bonds

A performance bond guarantees to your client that you will carry out and complete a project (or sub-contract) according to the terms and conditions of the contract. It provides security to the owner that in the event of your default, the owner’s losses and damages will be paid under the bond, subject to a stated maximum amount. Generally default is caused by insolvency.

Highlights

  • Secures performance of capital works contracts
  • Secures performance of term contracts or services contracts

Best For

  • Main contractors
  • Sub-contractors
  • Service providers

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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