Bond Insurance
Bond is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security
How can we help you?
Need a Bond coverage?
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Do you need assistance locating a policy number?
Locate the branch where you purchased your policy from and we will assist you in finding the policy number.
Updating your info
If you are a current policy owner, you can update your contact info and policy coverage
Contact the branch where you purchased and they will help you update your policy info
Do you need bond insurance?
Motor insurance is required in our country so you will be protected financially if you are responsible for someone else’s injuries or property damage. With full or partial coverage, your motor insurance can help you repair or compensate for a total loss of your vehicle.
Types of bond insurance
Global insurance provide bond policy basically for two types of vehicles:
- Bid bond: a guarantee provided by the supplier to the one who is the owner of the bid for his future payment of the price of the bid
- Performance bond: performance Bond: a guarantee provided by the contractor to the owner of the project for his future performance
- Advance bond:
- Maintenance bond
- Retention release bond
- Supply bond: a guarantee provided by the supplier to the one who is the owner of the goods for the future supply
Commonly asked questions about bond insurance
Global's bond insurance coverage
Here at Global, we provide the following motor policy cover:
In addition to the above GIC Insurance Company provides various types of bonds.
- Bid Bond
- Performance Bond
- Advance Payment Bond
- Supply Bond
- Retention Bond
- Maintenance Bond
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