Performance Bonds
Protects against contractor default under JCT or NEC contracts.
- Protects against contractor insolvency
- Standard in JCT & NEC contracts
- Typically 10% of contract value
From Performance Bonds to S104 Utilities Bonds, we arrange comprehensive surety solutions that give contractors, developers and businesses the financial guarantees they need.
Insurance bonds — also known as surety bonds — are three-party legal agreements that provide a financial guarantee that contractual commitments will be fulfilled.
If the principal fails to meet their obligations, the surety (insurer) compensates the beneficiary, ensuring projects are completed and commitments honoured.
At Dixons Commercial Insurance Brokers, we've been arranging insurance bonds for over four decades across the UK.
The party who needs the bond — typically a contractor.
The party requiring the bond — usually a developer or client.
The insurance company that issues the bond.
Protects against contractor default under JCT or NEC contracts.
Required under Section 104 of the Water Industry Act 1991.
Protects advanced payments for materials and supplies.
10-year guarantee if contractor ceases trading.
Covers correcting defects after project completion.
Covers repairs from faulty design or workmanship.
Tailored quotations for JCT and NEC insurance clauses.
We work closely with you to understand your specific requirements.
Our extensive panel secures cost-effective options.
Quick approvals and minimal paperwork.
Experienced team guiding you every step.
A three-party agreement between the principal (contractor), beneficiary (developer), and surety (insurer) guaranteeing contractual obligations.
Performance bonds guarantee project completion. Payment bonds protect advanced payments for materials.
Premiums typically range from 0.5% to 3% of bond value per annum. Contact us for a tailored quote.
Click the button below to download our Bond Application Form PDF with all the details we need.
Fill in all sections with details about your contract, bond requirements, and company information.
Upload your completed form below. We'll review and provide a quote within 24 hours.
Performance, Advance Payment, Retention, and Bid Bond applications
Download Application Form (PDF)File size: 245 KB | Format: PDF
Upload your completed bond application and we'll quote within 24 hours.
Download our application form or speak to our expert team today.