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Bonds

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This are guarantees that may from time to time be required by other parties to be executed by an insurance company to certify that the insured will observe or maintain a certain state of affairs or will perform a certain task to the required standard or as per an agreed contract.

The bonds will include

  • Customs Bonds
  • Immigrations/Security Bonds
  • Performance /Contractor’s Bonds
  • Tender /bid bonds
  • Financial Guarantee Bond
     

Upon executing such a bond as requested, The Heritage acts as the guarantor, and is bound to pay a defined amount of money should the person/party so guaranteed, fail to meet the terms and conditions of the contract with the third party.