For business owners or contractors looking to secure your projects, contracts and reputation, our Bonds insurance provides the financial security and peace of mind that you require.

Bonds insurance, often referred to as Surety bonds, is a financial instrument that provides a guarantee that specific obligations will be fulfilled. Surety bond insurance are commonly used in various industries, including construction, finance, and legal services. Here’s a look at the different types of bond insurance:

Contract Surety Bonds

These are primarily used as bond insurance for the construction industry to ensure that contractors fulfil their obligations.

Bid Bonds

These guarantee that a contractor will honour their bid and will provide the required performance and payment bonds if awarded the contract. 

Feel secure knowing that the contractors you work with will deliver projects as stipulated in their submitted bids.

Our bid bond insurance ensures they comply with all contract requirements and covers the cost if they back out after winning the bid.

Performance Bonds

These ensure that a contractor completes a project according to the terms and conditions of the contract. 

Avoid the risks of project failure.

The GoldStar performance bond insurance provides coverage if the contractor fails to complete the project as agreed, allowing you to claim financial damages.

It’s usually a requirement of a bid bond.

Payment Bonds

These offer guarantee that a contractor will pay subcontractors, labourers, and suppliers as specified in the contract. 

Safeguard your advance payments to contractors or suppliers. If they default, our Advance Payment Bond comes to the rescue.

Commercial Surety Bond

These bonds cover a wide range of non-contractual obligations required by various businesses and individuals.

License And Permit Bonds

Required by government agencies to ensure businesses comply with regulations and codes (e.g., contractor licenses, auto dealer licenses).

Public Official Bonds

Guarantee that public officials will perform their duties faithfully and honestly.

Fidelity Bonds

Protect businesses against employee theft, fraud, or dishonesty.

Court Bonds

Include judicial bonds and fiduciary bonds required in legal proceedings. Judicial bonds guarantee the payment of costs or damages, while fiduciary bonds ensure that fiduciaries properly manage another person’s assets (e.g., executor of an estate).

Financial Guarantee Bonds

There provide a guarantee of repayment of principal and interest on a financial obligation, often used in municipal bonds and other public financing arrangements.

Miscellaneous Bonds

These cover a variety of other obligations, including customs bonds (for importing goods), tax bonds (to guarantee payment of taxes), and utility bonds (to guarantee payment of utility bills). 

Our customs bond assures compliance with all laws and regulations governing importation of merchandise into Uganda and guarantees payment of import duties and taxes.