Elite Bonds

Call now to speak to one of our specialist Bond Brokers – 02476 017646


Inspire Insurance Services are a leading provider of Bonds throughout the UK & Ireland. We are able to source
highly competitive quotations from multiple providers ensuring our clients receive the best possible terms.

The placement of bonds and guarantees through the surety market, as alternatives to bank guarantees, can help
companies by keeping bank facilities available to meet cash flow requirements.


Bonds and guarantees are written promises to pay for direct loss or damage suffered by a third party as a result of a
breach of contract. Many types of bond or guarantee are available for almost any area of risk, subject to underlying
security and the risk being acceptable to the guarantor. They are available either on an individual basis or, if bonds
are placed regularly, as a facility at more competitive

We have extensive experience of arranging bonds and guarantees, a selection of the most popular being:


Performance Bond


The most common Bond we are asked to place are Performance Bonds, a Performance Bond provides the
employer with between 10% and 20% of a contract value in the event of a contractor or supplier failing to perform
to the agreed terms. Any company can use Performance Bonds, but more common in the construction or service
industry sectors.
We are able to quote any size of performance bonds with the most competitive terms often without the need for any
cash collateral. We can provide Bonds on either standard ABI wording or can have the employers wording agreed
if required.


Advanced / Stage Payment Bond


Advance or stage payment bonds provide security for customers by protecting payments in advance of the goods

or services being delivered. Designed for All companies of any trading status, particularly those in the construction sector.


Duty Deferment / Custom Bonds


Duty and VAT are payable immediately on import at the UK border. A duty deferment or custom bond gives
companies that import goods from outside the EU the flexibility to ease cash flow by deferring payment for a given
period. These Bonds cover any company that imports goods.


Road and Sewer Bond


A guarantee, on behalf of a property developer or house builder, to complete the roads and sewers for handover
to the appropriate local authority, in line with the relevant Highways or Water Industry Acts. Designed for the
Construction industry.


Reinstatement Bond


Usually issued in favour of a local authority or the Environment Agency, reinstatement bonds guarantee the
restoration of land to agreed standards after quarrying, opencast mining or waste disposal.
Advanced / Stage Payment Bond
Advance or stage payment bonds provide security for customers by protecting payments in advance of the goods
or services being delivered. Designed for All companies of limited liability trading status, particularly those in the
engineering sector.


Other bonds available include:


- Rent Bonds
- Bid Bonds
- Maintenance Bonds
- Retention Bonds
- Construction Guarantee Bonds

Call now to speak to one of our specialist Bond Brokers – 02476 017646

Contact us today

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Vision & Core
Values

01

THE QUALITY

As dedicated insurance brokers we assist many high level businesses, regardless of industry, in arranging tailored insurance packages based on specific requirements.

02

RELIABILITY

We take pride in providing a quality level of service you can depend on and come to expect from an award winning insurance specialist.

03

SIMPLICITY

Our knowledge and experience in the insurance industry allows us to find the best cost effective insurance policy from hundreds of insurers while still complying to our strict insurer criteria.

We Help You Find
the Lowest Insurance Rates

As dedicated insurance brokers we assist many high level businesses, regardless of industry, in arranging tailored insurance packages based on specific requirements.

Our knowledgeable staff have over 100 years combined experience in the insurance industry, which has allowed us to provide an expert service to all our clients since we began trading. Our company is unique in the fact that all our brokers aim to secure the best deal as part of a bespoke insurance package for both commercial and private clients. Through our consultation process we come to understand the requirements of each individual and create a package that truly protects the client against any present or future risks.