One of the most cost effective ways to finance your contract security obligations are surety bonds. We can design and deliver a flexible and effective bonding program, operating alongside your traditional banking lines of credit.

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Surety

Surety bonds keep your assets available and allow your business to thrive

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Designing and delivering a flexible and effective bonding program

One of the most cost effective ways to finance your contract security obligations are surety bonds. We can design and deliver a flexible and effective bonding program, operating alongside your traditional banking lines of credit.

Unlike a bank, surety providers do not require security over your company’s assets and do not require the bonds to be supported by cash or other collateral. This allows you to free up funds, reduce debt and tender for additional contracts.

Surety bonds can also represent a cheaper alternative to bank guarantees with lower base rates and no utilisation or line fees.

Let us help free up your working capital

We have a dedicated team that aim to optimise the use of surety bonds to improve flexibility and profitability for you and your business. With the ability to handle traditional and non-traditional surety with equal ease, we can customise a wide variety of products to free up your working capital, enhance your liquidity and allow you to take on new projects.

Our Products and Services

A surety bond is a written guarantee from a highly rated financial institution, which can be provided in lieu of cash or a bank guarantee as security for the performance of a contract.

We offer a range of surety products including: 

  • Surety bonds

  • Performance bonds

  • Maintenance bonds

  • Bid bonds

  • Advance payment bonds

  • Off-site materials bonds

  • Self-insurance workers compensation bonds

  • Mining and environmental bonds

  • Lease bonds

Download our brochure

Surety

Lockton Surety Brochure
PDF1190 KB

Key Contacts

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Liam Berry

National Manager, Trade Credit, Surety and Political Risk
liam.berry@lockton.com
+61 481 438 374

General Inquiries

Get in touch

info.au@lockton.com

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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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