You may be confident that you will complete the job with no problems, but your word is often not enough in the business world. That’s where TMHCC’s performance bonds come in.
This type of 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 your client with all the security they need so that in the event of your default, their losses and damages will be paid under the bond, up to a specified amount. Generally, default is caused by insolvency.
Highlights
- Secures performance of capital works contracts
- Secures performance of term contracts or services contracts
Best for
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Main Contractors
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Sub-Contractors
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Service Providers
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Why choose 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.
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