Surety Insurance

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Peacock Insurance

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What is Surety Insurance?

Sureties, also known as Bonds, are not regarded as insurance products per se insofar as they do not require an insured event to have a claim. In fact, quite the other way round. There is more chance of a claim occurring if nothing happens at all.

Consequently, they are viewed as banking products rather than insurance products so are not regulated in the same way by the Financial Conduct Authority. They do not therefore attract Insurance Premium Tax or VAT. Nevertheless, we treat Bonds here at Peacock Insurance in the same way as we would treat any other insurance product which we offer to our customers, namely we abide by our commitment to the FCA guidelines on ‘Treating Customers Fairly’. 

Here at Peacock Insurance we have a dedicated team for businesses involved in the Construction Industry; with access to specialist insurers including financially ‘A’ rated markets. We can offer a quick turnaround and if required same day quotations across key product lines.

If you wish to talk to one of our insurance experts please call us on 02476 437 626 or complete the quotation request form.

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