Bid or tender bonds are used when the cost of new tendering has to be incurred in case a successful bidder does not take up an offer.

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Performance bonds are used when a contractor needs assurance of financial capability to complete contracted work as per agreed terms. For answers to your questions and information on solutions our network of offices aim to be convenient and local. Visit us in person at one of our offices.

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Customs and imports bonds ensure that goods which are pending payment of duties are not smuggled into the local market without payment. Should the untaxed goods end up in the market; the insurer will meet the duty payable by the insured. Customs bonds are given for goods in transit through the country or those produced in duty free zones targeting the export markets. Import bonds are given to cover duty for goods imported into the country.

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Our bonds products include performance bonds, bid bonds, surety bonds, security bonds, and customs bonds. 

• Customs Bonds

Customs and imports bonds ensure that goods which are pending payment of duties are not smuggled into the local market without payment. Should the untaxed goods end up in the market; the insurer will meet the duty payable by the insured. Customs bonds are given for goods in transit through the country or those produced in duty free zones targeting the export markets. Import bonds are given to cover duty for goods imported into the country.

• Performance Bonds

Performance bonds are used when a contractor needs assurance of financial capability to complete contracted work as per agreed terms. For answers to your questions and information on solutions our network of offices aim to be convenient and local. Visit us in person at one of our offices.

• Bid Bonds

Bid or tender bonds are used when the cost of new tendering has to be incurred in case a successful bidder does not take up an offer.

• Surety Bonds

This is an undertaking by an independent third party, the Surety, to the owner that the contractor will perform in accordance with the terms and conditions of the contract, hence a Surety Bond is a three-party contract. The contractor requests the Surety to issue the Bond in favor of the principal. The contractor pays the premium for the Surety Bond but is not the beneficiary of the Bond. A Surety Bond is irrevocable and non-cancellable by the Surety. The Surety is committed to pay should default occur by the contractor.

Surety Bonds provide protection for the principal of a contract against the default of the contractor.

• Security Bonds

Immigration or security bonds are issued to non-Kenyans whose conduct the insurer guarantees. In case the insured displays poor conduct, the insurance company is obligated to pay the costs of deportation or the consequences of her or his bad conduct. Kenyans living in foreign countries are also required to secure such bonds upon travel.

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