You need a facility in place before you can take out a guarantee. It is set up once, then every guarantee draws on it, up to your approved facility limit.

Facilities are subject to underwriting. Guarantees are issued by the guarantor, an insurer, not by CivilSure.

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The term Performance Bond is often misleading, leaving contractors confused about the difference between a performance bond and a performance guarantee.

The information on this site is general product information and is not advice.

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Glossary

Premium

The price of the guarantee itself. Unlike collateral, the premium is not refundable. It is set on underwriting and shown on your facility quotation before you commit.

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