A Surety Bond is an agreement between 3 parties, the “principal”, the “surety” and the “obligee”. Surety bonds are most commonly used in construction contracts or in servicing contracts.
It is issued to provide a guarantee to the client that the contractor will be able to fulfill the obligations of the contract. In this arrangement, the obligee is the owner of the project and the principal is actually the contractor who is supposed to fulfill the obligations.
Specifically designed policy to cover risks associated with a cyber-related security breach or similar event
Covers the “gap” between the insured value of the car and the depreciated value in the event of a total loss
Covers loss or damage to crops, livestock, structures, green houses and farm equipments
Covers loss or damage to offshore and onshore farms including hatcheries
Covers organisations and individuals against the loss or damage to valuables, precious stones, jewelleries, and works of art
Marine cum storage cover that insures movement of goods throughout the supply chain, from production to final destination
Covers the cost and associated expenses attributable to recall of a product due to fault or contamination