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What is it:
Performance Bond is furnished to the Owner or Principal or Employer of a Contract to guarantee for due performance and observance to the terms and conditions of the contrator's obligation when the contractor undertake a project. It eases your financial commitment while freeing your money for smarter use.
Key Coverage:
This is for the Principal to ensure the contractor fulfill his contract within the specified period and in accordance with the specification of the project. The amount guarantee varies from 5% to 25% of the contract sum.
Key Underwriting data:
1. Last 3 years of Company Financial Statement.
2. List of past projects completed and current projects
3. Specimen of Bond Wording
4. Counter Indemnities
5. Collateral ( if any )
6. Project Information ( Contract value, Description of work, site etc )
Motor
Commercial Vehicle Insurance
What is it:
It covers loss or damage to your vehicle due to accidental collision and your legal liability to 3rd party property damages and bodily injury
Key Coverage:
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Comprehensive - it covers own vehicle damage and 3rd Party damage and bodily injury. Unlimited Windscreen Cover subject to applicable excess. Option for Approved Workshops Plan or Other Workshops Plan .
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Third Party Fire & Theft
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Third Party only
Key Underwriting data:
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Vehicle Particulars (Model/Year of Registration/ Engine Capacity/ Market Value)
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Usage
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Driver and Name Driver information
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Claim History
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