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Surety Bonds – Bonds for Contractors With many of the surety providers moving to reduce their exposure or exiting the Irish market altogether and the reluctance of banks to provide bonds for contractors at just the time when twitchy employers are asking for the added security that a bond provides, such bonds are becoming more and more difficult to obtain. Is your Bonding holding you back? Any ideas how you can get more capacity? Your bonding capacity is a reflection of your financial strength, financial reporting, management team strength and how it is presented to a bonding company. The first thing you need to do is to find a bonding broker who specialises in providing bonds to contractors. Some insurance broker offer bonds as an add-on service to their insurance business but are not experts in bonding. An experienced bonding broker will help you organise your financials and present them to bonding companies in the best manner possible. Often, presentation and accuracy are as important as the financial numbers. There are different ways to maximize your bonding capacity often we can suggest creative ways to increase your capacity like personal guarantees, set-aside funds or joint ventures. The bottom-line is that you will get bonds based on how much liquid assets you maintain in your company. The more you have, the larger your bonding capacity will grow. deferred payment bond Surety Bonds, Irelands only specialist surety & bonds intermediary was set up to help solve capacity issues for contractors. Our mission is to make the process of providing bonds easier and to open up to clients markets that they previously did not have access to. The experience and expertise within the company helps take the hard work out of obtaining bonds as we deal with all regulated providers of bonds and guarantees. Given that not all providers will be interested in every enquiry our knowledge allows us to target those companies and underwriters who we know will be interested in offering terms. This saves the client valuable time and usually enables us to obtain terms quite speedily. As independent Surety specialists our expertise lies in bonds and guarantees only and we do not undertake any general insurance business. Our clients find this extremely comforting as we will only ever be completely focused on the bond requirements. Surety Bonds can obtain an array of bonds including, Performance Bonds, Duty / VAT Deferment Bonds, Tenant Default, Advance Payment Bonds, Reinstatement Bonds, Retention Bonds, Road & Sewer Bonds, Infrastructure Bonds, Supplier Bonds. There are also many niche unusual risks that surety providers will consider such as guarantees for mergers and acquisitions. We can also provide bonds for Irish companies operating in Europe, Middle East and Asia.

Colm McGrath on 071 9623228/9672027 or colm@suretybonds.ie