Trade & Construction Guarantees

What Trade & Construction Guarantees Insurance offers

Construction Guarantees

The construction industry requires a broad range of guarantees, the full complement of which our expert guarantee underwriters cater to, includes:

  • Bid Bonds /Guarantees
  • Performance Guarantees
  • Advanced Payment Guarantees
  • Materials Off-Site and On-Site Guarantees
  • Retention/Defects Liability Guarantees
  • Supply Guarantees
  • Utility Guarantees

Trade Guarantees

These are guarantees that typically cater for industries such as freight forwarding, clearing and logistics. Such guarantees include:

  • Transnet Guarantees (Transnet Freight Rail (TFR), Portnet)
  • Customs Guarantees (Deferred Duty & VAT, Bonded Warehouse, Road, Temporary Import, customs rebate, manufacturer of excisable product)
  • Commercial Fuel Guarantees to Fuel Majors
  • Airline Guarantees

Some of the major benefits of the insurance backed guarantee are:

  • Provides the employer/supplier comfort against non-performance of contractual obligations and therefore increased costs of completion or non-payment.
  • Provides the client with increased cash flow and working capital.
  • Protects the client against non-payment of retained funds in the absence of a guarantee, should the employer not be in a position to make payment.

Contact us

Shaheel Jawair 
011 351 2675 
076 078 9242

Abel Komane
011 351 264
072 985 2815

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