Bonds & Guarantees · Cover Explained商业保证 · 险种解读
Performance Bond履约保函
Contractual Guarantee合同担保
What it covers
The insurer acts as guarantor: if the contractor fails to perform, the insurer pays the owner the bond amount — on demand.
Key advantage over cash deposit
Instead of locking up 5-10% of contract value as cash, the bond replaces it — freeing your working capital. Banks and government tenders widely accept insurance bonds.
Exclusions
- Owner's own breach causing project interruption
- Force majeure preventing performance
- Losses exceeding the bond limit
保障承诺
保险公司作为保证人：若承包商未能按约履行合同，保险公司将向业主支付保函金额——见索即付。
相较现金抵押的优势
无需锁定合同价值的5-10%为现金，保函替代之——释放营运资金。银行及政府招标广泛接受保险保函。
不保事项
- 因业主违约导致的工程中断
- 不可抗力导致的合同无法履行
- 超出保函限额的额外损失
Not sure if your current policy covers this?不确定你现在的保单有没有保到这块？
Send us the policy — a licensed advisor reads it and shows you where you stand. No charge.把保单发给我们，持牌顾问逐条看完告诉你缺在哪。不收费。