A bond provided by Cannon General Insurance offers assurance and financial security in cases where contractual obligations are at stake. It acts as a guarantee by the insurer (guarantor) to compensate a third party (beneficiary) for losses incurred due to the insured party’s failure to fulfill specific obligations outlined in the contract.
Scope of Coverage
Cannon General Insurance offers several types of bonds tailored to different needs
Performance Bonds
Bid/Tender Bonds
Immigration/Security Bonds
Customs/Imports Bonds
Cover Benefits
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Financial Security
Provides a financial guarantee to the beneficiary against non-performance or under-performance by the insured
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Risk Mitigation
Mitigates risks associated with contractual obligations, ensuring parties involved are protected against financial losses
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Accessories Coverage
Protection for accessories and attachments used with the insured vehicles
Our team of experts is ready to assist you in understanding how our bond solutions can safeguard your interests and ensure compliance with contractual obligations.