Scope of cover
Financial security for obligations agreed between the contracting parties, supporting the successful delivery of the project.
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Corporate services
Through dedicated contractual guarantee insurance solutions, Leader Team Broker helps companies secure their commercial agreements. Choose cover tailored to your contractual obligations and business partnerships without tying up working capital in bank guarantees.
Contractual clarity
A contractual guarantee insurance policy provides financial security against the risk that agreed obligations are not fulfilled. It supports the contractor’s ability to deliver the project in accordance with the agreed specifications.
Financial security for obligations agreed between the contracting parties, supporting the successful delivery of the project.
The guaranteed amount is set in accordance with the requirements of the commercial agreement or tender documentation.
Cover tailored to each contractual stage, from the start of the procurement process through completion and final acceptance of the works.
Protection for the beneficiary against financial loss resulting from a failure to comply with the agreed contractual terms, subject to the policy conditions.
The contractor provides the contract and guarantee requirements.
Leader Team and the insurer assess the risk and structure the policy.
The beneficiary receives the guarantee covering the contractual obligations.
Tailored solutions
The policy is structured around the obligation being guaranteed, the contract value, its duration and the beneficiary’s requirements.
Bid bond for submitting a compliant tender.
Performance bond for fulfilling the agreed contractual obligations.
Advance payment bond covering funds provided at the start of the project.
Maintenance and retention bonds following completion of the contracted works.
Payment bond covering financial obligations under the agreement.
Bespoke solutions for specific contractual requirements.
Greater flexibility
A dedicated policy brings stability and clarity to business relationships while keeping the company’s working capital available.
Clarification of the standard clauses requested by beneficiaries and how the policy responds to the commercial agreement, tailored to the industry and scale of the project.
Keep working capital available and deliver commercial contracts without tying up current liquidity or bank credit facilities.
Starting a new contract?
A straightforward process
A direct process designed to meet strict submission and guarantee deadlines.
Request and assessment
Provide the essential information about the clauses, value and requirements of the relevant commercial agreement for a prompt eligibility assessment.
Approval and delivery
Once the final terms are approved, the signed and authorised policy is issued and delivered, ready to be presented to the contract beneficiary.
A tailored response
The Leader Team Broker team provides comprehensive support in reviewing contractual documentation and identifying the right guarantee solution. Our specialists assess each project’s requirements and facilitate an efficient policy issuance process.
Complete your contact details and a Leader Team specialist will contact you to discuss your requirements.
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Frequently asked questions
Clear answers about the purpose, cost and issuance process of contractual guarantee insurance.
It is an instrument through which an insurer provides the beneficiary with financial security for an obligation assumed by the contractor, within the limits and terms of the policy.
In many cases, yes, provided that the contractual documentation or beneficiary accepts a guarantee issued by an insurer. The requirements must be reviewed for each project.
The contract or tender documentation, guarantee requirement, guaranteed amount and period, together with financial information about the company, are usually required.
The timeframe depends on the complexity of the requirement and the availability of the documents. Leader Team follows an efficient assessment process and explains the necessary steps from the outset.