ZERO COLLATERAL
Say goodbye to frozen bank cash and heavy asset collateral. This bond frees up your working capital and unlocks vital liquidity, giving contractors the financial muscle to win and run multiple massive projects simultaneously.
CONTRACTOR’S BOND INSURANCE
WHY CHOOSE OUR
CONTRACTOR’S BOND?
BULLETPROOF PROJECT COMPLETION
Eliminate project delays and contractor defaults. If a contractor cannot perform, Angkor General Insurance steps in to fund the damages or immediately deploys a top-tier alternative contractor to finish the job. Your project is guaranteed to cross the finish line.
IRONCLAD ADVANCE PAYMENT PROTECTION
Pre-purchasing materials or mobilizing a site shouldn't feel like a gamble. Our advance payment guarantee ensures that every dollar funded to a contractor is legally protected and fully secure, keeping your project cash flows completely risk-free.
BENEFITS
FOR CONTRACTORS (THE PRINCIPAL)
FOR PROJECT OWNERS (THE EMPLOYER / BENEFICIARY)
Boost Capital Liquidity
Secure your performance obligations without tying up tangible collateral or bank guarantees, enhancing your business liquidity to take on multiple new projects.
Project Completion Guarantee
If a contractor defaults or is unable to perform, the Surety steps in to fulfill the contract and complete the remaining work.
Elevate Client Trust
Demonstrate financial backing and credibility, significantly increasing your competitive edge and customer confidence.
Financial Protection
Fully covers advance payments made to contractors for pre-purchasing equipment or site mobilization.
COVERAGES
| Policy | Scope of Protection | Sum Insured | Deductible |
|---|---|---|---|
Section I: Advance Payment Bond | Guarantees that upfront cash advanced to the Contractor for site mobilization, equipment pre-purchasing, or setup will be returned or correctly applied to the project. | The Advance Payment Value specified in the Contract and Insurance Certificate. | $0 / None Listed. The Surety guarantees and satisfies damages in full up to the maximum aggregate Bond Value without any specified deductible threshold. |
Section II: Performance Bond | Indemnifies the Project Owner (Employer) against documented losses or damages if the Contractor fails to execute the works in strict conformity with contract specifications. | The Performance Bond Value specified in USD within the Contract and Insurance Certificate. | $0 / None Listed. The policy acts as a financial guarantee; the Surety indemnifies the full amount claimed as loss/damage due to contractor default up to the bond limit. |
100% CAPITAL
PROTECTION
Forget standard insurance policies that cut your payouts. This is a zero deductibles for the claimant and full coverage up to the maximum face value of the bond.
DYNAMIC
SUM INSURED
For Advance Payments, your financial liability scales down automatically as the project progresses, simplifying contract accounting.
INDEPENDENT
ADJUSTMENT
For large claims exceeding $25,000 USD, Angkor General Insurance will appoint and fully fund an independent Loss Adjuster to verify and finalize the claim payout fairly.
