LASACO Bond Insurance

Guarantees performance and advanced payment for specified jobs

Our Range of Bond Insurance Policy

Advance Payment Bond

Provides indemnity for loss of money & expenses incurred by insured due to default by the contractor.

Performance Bond

Provides indemnity against bond issued by a bank guaranteeing the fulfilment of a contract.

Bid/Tender Bond

Provide guarantee, that the winning bidder will undertake the contract under the terms at which they bid.

Loss of Shares Certificate

Provides indemnity for loss or damage to share certificate and expenses incurred in recovery

Customs Bond

Provides guarantee between the Importer of Record and Customs & Border Protection (CBP).

Requirements

  1. Completed proposal form/Broker’s slip
  2. Completed personal/guarantee form and counter indemnity
  3. Photocopy of certificate of registration or incorporation.
  4. Copy of article and memorandum of
  5. Last three (3) years tax clearance
  6. Copy of last three (3) years audited
  7. Photocopy of the letter of award/detail of
  8. Two (2) passport size photographs of at least two of the directors with residential addresses at the back.
  9. Payment of premium in cash or bank draft.
  10. Evidence of previous performance.
  11. Collateral security – any of the following;
  • i. Certificate of occupancy or legal conveyance of land either in Lagos or
  • ii. Original vehicle particulars/comprehensive insurance of vehicle (value to the amount of the bond).
  • iii. Any other fixed asset with insurance cover (our interest must be noted on the insurance policy).
  • iv. Undated cheques for the value of bond issued
  1. Bill of quantities
  2. Completed Know-Your-Policyholder form
  3. Client’s current residential address and phone number.
  4. Evidence of means of identification (Driver’s license, National I.D. card or International Passport) .
  5. Utility
  6. Bond Policy document
  7. Executed further indemnity to confirm pledged security

A suite of amazing policy benefits tailored to your specific needs

Ensure Business Continuity

Our householder insurance ensures the continuity of your business/home in case of damage to properties caused by fire.

Promotes Confidence

Our householder insurance helps you reduce the burden of risk and uncertainties faced every day, giving you the confidence you need.

Ensures Financial Protection

Relieves you of the financial burdens that come with lawsuits, compensations, and replacement to personal or 3rd party assets and/or properties.

Positive Claims Experience

We assure you a speedy turnaround time for claims and as stress-free possible

CONTACT US

LASACO House,

Plot 16 Acme Road Ogba,

P.O. Box 3724

Ikeja, Lagos, Nigeria.

info@lasacoassurance.com
07000LASACO(07000527226)

 

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CONTACT US

Authorised and Regulated by the
National Insurance Commission (RIC 023)

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