Warranty & Maintenance Bonds

Maintenance bonds are a form of performance bond relating to the maintenance (or warranty) period and are sometimes required by the owner of a construction project. They provide security to the owner for any defective workmanship or faulty materials which may be discovered following handover of the project and during the ensuing maintenance period, which is usually for 12 or 24 months. A maintenance bond is often issued in a lesser amount than the contract performance bond which it replaces.

Highlights

  • Provides owners with security during the maintenance period on completed projects for remediation of any workmanship or materials found not to be in accordance with the contract specifications

Best ForĀ 

  • Main contractors
  • Sub-contractors

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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