If you have secured a contract and it requires a performance guarantee / construction bond, BBi can help.
Applying for a bond can be a difficult exercise and not having the appropriate bond from a regulated entity could result in losing out on a well earned contract.
BBi pride ourselves on our experience and do all we can to make the Performance Bond application seamless and simple for you.
We help you understand what is required and support you through the documentation provision process. We use a range of regulated insurers and give you options and choices.
Give us a call and we will advise on the best outcome for your business and give peace of mind to your employer.
BBi use a variety of experienced, approved, insurers specialising in surety, giving you confidence in your cover.
Once BBi is in receipt of all the relevant information to allow insurers to underwrite the risk, a quick turnaround is guaranteed on all enquiries, no matter the size or complexity of the project.
BBi have extensive knowledge of contract types and requirements, from local government contracts to standard building contracts.
We made contact with BBi as we had been awarded a major contract which required a bond to be put in place. When we needed help most, BBi were able to work side by side with us to find a bond solution which was critical to our business being awarded the contract.
Director, Contractor
Most commonly used in the construction industry as a means of insuring a client against the risk of a contractor failing to fulfil contractual obligations to the client. Performance bonds can also be required from other parties to a construction contract.
A contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction. The main purpose of a customs bond is to guarantee the payment of import duties and taxes.
The need for performance guarantee bonds has never been greater within the construction industry.
No major project undertaken by a state agency or private individual will be awarded without the need to provide a bond.
Following the recent, unfortunate, events surrounding the collapse of Carillion, the importance of performance bonds continues to grow. This can be the difference between being awarded the contract and losing out.
BBi use our expertise and understanding of the market and your business to find you the right solution.
Qualified Team to support your business
We have the specialised financial expertise internally to review an applicants / companies financial position and work with them to find the best solution to their bond requirement.
We have extensive knowledge of the Industry.
With the ever changing bond / surety market conditions, BBi is in a very strong position to assist any application.
We support you in finding the best solution.
With a variety of options available to clients, choosing the bond provider best suited for you is important.
As Chartered Insurance Brokers, BBi have the industry knowledge, insurance experience and ease of access to new & exciting markets.
You get a dedicated Account Manager, responsible for the management of your cover, giving you one point of contact for all your insurance requirements.
Unlike other providers, BBi employ a dedicated in-house claims team to manage all claims from notifications to settlement ensuring we look after your interests.
Independent & impartial long standing relationships. With extensive, up to date knowledge of the latest legislation and Health & Safety issues faced by your sector.
With our exclusive cover facility, where flexible payment methods are available, you can be sure the policy you receive is tailored for you.
Obtain coverage for the Liability of business, individual vehicle or motor fleet, personal accident, household cover and other exposures you or the business faces.
