Many companies make use of third parties to carry out the work following a business deal. This creates additional risks such as delays in contract fulfilment, losses related to insolvency of contractors or defective work. A Bond can give both client and contractor the confidence needed to proceed a contract with a reduced risk.
The bondsman (e.g. a bank or insurer) and the contractor share the liability, depending on the type of bond or guarantee. Bonds & guarantees offered by insurance companies normally do not affect existing lines of credit.
All Keystone partners are familiar with bonds & guarantees and can support you as an international expert.