PERFORMANCE GUARANTEE

PERFORMANCE GUARANTEE

Why wait for your profit?

Why should your main contractor enjoy the returns of your funds in their account? Performance guarantee protects the employer (client / principle) should the contractor fail to comply with the conditions of the contract. This policy provides suitable security to the client (the principal employer) when a contractor does not perform.

Why wait for your profit?

Why should your main contractor enjoy the returns of your funds in their account? Performance guarantee protects the employer (client / principle) should the contractor fail to comply with the conditions of the contract. This policy provides suitable security to the client (the principal employer) when a contractor does not perform.

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How is a Performance Guarantee implemented?

It includes a few types of policies, one of which is a Contractors All Risk policy.  The aforesaid is an “all risk” type of policy which insures all the risk you can possibly think of but excludes certain types of risk the Insurer is not willing to cover e.g., insurance risk to grant cover for the building of bridges, tunnels, roads and buildings. Adding to this method of Insurance is the use of scientific principles to design and build machines and insuring it against predefined risk but not only that, it also grants cover for the consequential losses arising out of the malfunction / ill-performance of the insured item.

How is a Performance Guarantee implemented?

It includes a few types of policies, one of which is a Contractors All Risk policy.  The aforesaid is an “all risk” type of policy which insures all the risk you can possibly think of but excludes certain types of risk the Insurer is not willing to cover e.g., insurance risk to grant cover for the building of bridges, tunnels, roads and buildings. Adding to this method of Insurance is the use of scientific principles to design and build machines and insuring it against predefined risk but not only that, it also grants cover for the consequential losses arising out of the malfunction / ill-performance of the insured item.

Have more questions? Get in touch

Email: info@staysure.co.za
Phone: + 27 (0)861 086 000
Phone: + 27 (0)21 975 1100
Skype Name: Mrdeliver1
21 Somerset Crescent
Durbanville
7550
Cape Town
South Africa

Reg No. 9512577/07
(FSCA) License No. 2635

3 + 8 =

Situated in Cape Town, Stay Sure Insurance Brokers provides a wide range of customised insurance solutions to private and commercial clients nationally and throughout Africa.

We subscribe to the office of the Ombudsman for Short-Term Insurance, and are subject to the jurisdiction of the FAIS Ombud.

Stay Sure Insurance Brokers (Pty) Ltd (Reg No. 9512577/07) | Authorised Financial Services Provider | Member of the Financial Intermediaries Association (FIA) | Member of United Global Brokers | Financial Sector Conduct Authority (FSCA) License No. 2635

   +27 (0)861 086 000
   +27 (0)21 975 1100