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✓ Surety Insurance

Bid Bond

A bond that guarantees the bidder will honor their bid and sign the contract if awarded.

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About This Policy

Bid Bonds guarantee that a contractor who wins a bid will enter into the contract and provide required performance security. It protects the project owner from wasted selection processes.

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Who Should Buy?

Civil and infrastructure contractors, EPC companies participating in government and PSU tenders, MSMEs and mid-size contractors seeking BG alternatives.

Coverage

What's Protected

Comprehensive coverage designed to give you complete peace of mind

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If the contractor fails to accept the contract or withdraws their bid after selection, the insurer compensates the obligee (project owner) for losses up to the bond limit. This ensures only serious and capable bidders participate in tenders.

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Bid Bond

About This Policy

Who Should Buy?

What's Protected

Similar Policies in Surety Insurance

Performance Bond

Advance Payment Bond

Maintenance Bond

Retention Bond

Ready to Protect What Matters?