INSURANCE BOND
We have designed this insurance package specifically to protect you and your organization against financial loss with your investment partners.
This insurance package is also designed for the benefit of the Borrower seeking a secured loan. With a bond guarantee policy, if the borrower defaults on the loan, the lender would not pursue the borrower for any additional compensation. However, the lender is entitled to recover the unpaid loan balance from the collateral which is the bond guarantee.
It ensures that a party will meet their financial or performance obligations. It ensures that where a party does not meet their financial or performance obligations, we the insurer covers the loss.