Working With You

Usually Zurich negotiates with the client a Bond line where the client knows that during a certain period of time he is entitled to request Zurich to issue Bonds up to an agreed limit under the terms and conditions of the Bond Facility. However, Zurich also responds to individual Bond requests related to special contractual or legal obligations.

Bond prices are quoted as basis points in respect of the issued bond volume on a p.a. basis. The main condition precedent to an offer made by Zurich is the financial information requirement about the corporate customer.

Advantages of having a Zurich surety facility:

• Improved credit availability as bank facilities are not reduced by bank bonding lines. Experienced finance directors and treasurers regard a Zurich facility as being an essential complement to their banking facilities.
• You can plan ahead and tender for new work confident in the knowledge that a facility is available to meet your bonding requirements as they arise.
• Our underwriting is flexible and responsive as your customers’ requirements will vary.
• We will review Bond wordings at tender or negotiation stage (without any additional charge) and work with you to identify unusual or onerous bonding risks.

A Zurich Bond Facility leaves the client’s bank credit lines available for working capital and other funding requirements and generally allows a more cost efficient management of corporate debt. It is an additional source of finance, complementary to bank finance.

If you need surety bonds we’re there: swift, individual, international!