CONTRACTOR & DEVELOPER INSURANCE SERVICES
‘SURETY’ AND ‘CONSTRUCTION’ BONDS
CADIS specialises in
ROAD AND SEWER BONDS and PERFORMANCE BONDS
BONDS
are
not
an
insurance
product,
they
are
a
security
instrument
issued
to
help
ensure
the
successful
completion
of
a
project,
large
or
small
and
typically
used
in
areas such as construction or real estate development.
The
CADIS
BONDS
Team
are
experienced
in
dealing
with
a
variety
of
BONDS
and
have
a
developed
a
system
that
will
provide
a
fast
and
professional
underwriting
response,
regardless of the size of the requirement.
The example of BONDS we can provide Surety against are;
ROAD
AND
SEWER
BONDS
–
Required
by
the
Water
Authority
or
Local
Authority
throughout
the
United
Kingdom.
They
cover
the
Water
Authority
or
Local
Authority
if
they
need
to
repair/construct
the
Road
or
Sewer.
PERFORMANCE
BONDS
–
Typically
issued
for
10%
of
the
contract
value
and
protect
the
Beneficiary
against
the
Developer failing. These include:
ADVANCED PAYMENT BONDS - RETENTION BONDS -
HMRC BONDS
CADIS
have
a
number
of
Insurance
services
available
to
cover for High Value Commercial Contracts. These include:
Latent Defects
Contractors All Risks
Insurance Backed Guarantees
CADIS MGA Ltd - Registered Office: - Trot House, 11, Fore Street, Torpoint Cornwall, PL11 2AB
CRN (England & Wales): 12534516 - FCA FRN: 1001011
CADIS MGA Ltd is an Authorised Representative of International Financial Security Ltd which is authorised and regulated
by the Financial Conduct Authority - FCA FRN: 969653