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