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.

— INSURANCE SOLUTIONS

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

Key Contacts

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Dan Chapman

Head of Credit Solutions
dan.chapman@lockton.com
+61 478 652 152

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Gareth Nicholls

National Manager, Credit Solutions
gareth.nicholls@lockton.com
+61 478 998 264

General Inquiries

Get in touch

info.au@lockton.com

Questions? We'll guide you in the right direction.

Ask us about our products, services or anything else on your mind. Our insurance and risk specialists are here to help.

Contact us

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