About Us
About What We Do
Bond Corporation remains an industry leader in providing smart, effective surety bonds for our commercial clients. We harness the creativity of our collective underwriting and brokerage experience to enhance and create bonds across many industries and niches. Whether expanding programs via shared surety, co-surety or finding new uses for surety bonds such as replacing Letters of Credit, we find the best intersection of indemnity and pricing for our clients.
We place commercial bonds for domestic and international projects as well as working with clients’ existing programs and facilitating the release of collateral. The clients we serve for commercial bonds range from all sectors including healthcare, financial services, public utilities, and private and public companies. We work closely with our clients to implement the right bond for their specific needs.
Bond Corporation specializes in supporting commercial and contract bonds for international clients, offering competitive rates, quick responses and a thoughtful underwriting approach to the obligation and country in which it is needed. Bond Corporation has the capacity to support individual bonds up to USD$500 million for qualifying clients. Our underwriting approach is tailored for each need, with consideration of the individual risk profile and bonding obligation, as well as the country specific requirements.
Credit Enhancement
A properly placed bond can enhance and secure funding which might not otherwise be available. Bonds are often used to facilitate transactions in which the principal agrees to assume the obligee’s liability. The bond creates a financial obligation to reimburse the obligee for any successful claims made in the event of default. The surety bond carrier pays out if the conditions of the contract are not met in order to cover the amount of the principal’s financial obligation to the obligee.
Risk Exposure is always a consideration when doing business. The right bond can alleviate much of that risk as a third party will take responsibiility if obligations are not fully met. It often provides a high level of comfort needed when parties engage in long term contracts. Many transactions would not materialize if this third party credit security mechanism were not in place. In some cases it is the only reason a transaction can move forward.
Need to talk to us?
Contact us today to find out more about our products and services. One of our representatives will answer all your questions and guide you through the bond process. We have been providing bonds for over 21 years and have a vast knowledge and experience in the industry.