Surety Bond Insurance
An effective alternative to traditional Bank Guarantees.
Overview
About the Policy
QBE’s Insolvency Liability Risk Insurance Policy is an insurance product designed to protect the Insured for potential loss arising from “Insolvency events”.
“Insolvency” shall mean the situation where a Buyer is declared insolvent, bankrupt, or placed under liquidation, administration, receivership, or any analogous legal proceeding under the applicable law of its country of domicile, resulting in the buyer’s inability to pay its debts as and when they fall due.
Important details
What the policy covers
Exclusions
- Material Default by the Insured
- Contract disputes
- Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons Exclusion Clause
Refer to the policy wordings for further details.
Documents
Downloads
Read the sales brochure/policy wording before concluding a sale.
Explore
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