Construction Bond Insurance

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What is Construction Bond Insurance?

Within the construction industry, there are many bonds which are available. A performance bond effectively guarantees that a contract is fulfilled, so for example a developer may require a bond from a contractor to ensure that, should for whatever reason the contractor fail to fulfil their obligations under the contract, the developer will have enough money to find another contractor to complete the project.

Within the same contract, this may cascade down so the contractor may insist upon a performance bond from their subcontractors for the exact same reason.

There are many types of bonds within the construction sector including Advance Payment Bonds, Road and Sewer Bonds, Utility Company Bonds and Retention Bonds.

Here at Peacock Insurance, our dedicated warranty team have access to products from across the market including financially ‘A’ rated insurers, direct access to underwriters with many years of experience within this field as well as same-day quotations with some products. 

If you need to talk to one of our experts directly please call our Sales Hotline on 0800 882 4626 or complete the quotation request form.

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