Surety Bonding
Many businesses need to give bonds or guarantees to external
bodies as part of their normal business, with common options
including performance and retention bonds, duty deferment
guarantees, and travel bonds (as required by ABTA, CAA etc).
Although cash deposits and bank guarantees can be provided, cash
collateral ties up valuable working capital and bank guarantees are
often counted against bank facilities. An alternative solution is
placing your bond in the insurance market, often on an unsecured
basis. This provides the security required to the beneficiary,
whilst freeing up your working capital.
For further information on our surety bonding service, please
contact our Leeds branch:
Tel: +44 (0)845 671 8008
Email:
creditenquiries@tlrisksolutions.com
Address: TL Risk Solutions Credit, Park Row House, 19-20 Park Row,
Leeds, LS1 5JF.