Call us today. Ph: 1300 310 467
Mercantile is a market leader in this very unique but important insurance class. Surety bonds are a unsecured unconditional guarantee that can be a straight replacement for bank guarantees or retentions. Widely regarded as one of the most complicated and risk exposed to a broker that is not comfortable or experienced in the area, it is important you engage a brokerage that has experience and understanding of your operations otherwise you will have issues and delays arranging Surety.
A professionally prepared Surety application with the assistance of Mercantile will improve your chances of being issued a Surety facility.
This is not a area for the unsure or inexperienced which is why its worth contact Mercantile Surety division for further information on how Trade Credit Insurance can protect your business.
Industries
Whilst suitable to any industry which is requiring financial guarantees the following are some industries we regularly see getting benefit from Surety. With new players in the Surety market there is no longer a minimum turnover required to have a bond application considered.
Construction
Transportation
Infrastructure
Technology Contractors
Petrol Industry
Engineering
Construction Material Suppliers
Energy
Benefits
Surety bonds are a viable alternative to bank guarantees or letters of credit, improving the liquidity of your business by freeing up bank lines for working capital and possible acquisition financing.
Transferring the risk of contractor default to a surety bond opens up your job tender opportunities, supporting order book grants and cash-flow.
Insurers
Liberty
QBE
Euler Hermes
Asset Insure
AIG
The Bond and Credit Co.
Vero
Call us today. Ph: 1300 310 467