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Contract Guarantee Bonds / Performance Bonds
/ Road and Development Bonds
Protection for the Employer to recoup losses due to
the failure of the contractor to complete the work.
The contractor applies for a bond, which is usually
around 25% of the contract sum. The advantage of this
type of bond is to minimise delays following the insolvency
of the contractor, and complete the works.
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a brochure
Section 43-non Residential Directors
Every company registered in Ireland must have at least
one resident director, if not a bond must be arranged
to comply with Section 43 of the Companies (Amendment)
(No.2) Act 1999 (Bonding) Order 2000
Administration Bond
It is the duty of either an executor or administrator
to gather in the assets of a deceased's estate, settle
the debts and distribute the remainder to the beneficiaries.
In the absence of a will, an Administration Bond is
required. This is a guarantee to the court that the
Executor/Administrator will undertake proper care in
fulfilling these obligations.
Defective Title Indemnity
When purchasing a property, the onus is on the owner
to show title to the goods. This policy covers capital
loss and legal expenses should another party be able
to show better title to the property or prevent the
use of rights of way or services necessary for the enjoyment
of the property.
Lost Document Indemnity
A lost document Indemnity is designed to guarantee
lost or mislaid stock or share certificates and life
assurance policies. The indemnity covers loss and legal
expenses should another party produce the original stock
or share certificate or life assurance policy.
Missing Beneficiary Indemnity
If a beneficiary cannot be traced it may be necessary
to lodge his/her entitlement into Court. In many cases,
a Missing Beneficiary Indemnity eliminates the need
for this and enables the missing beneficiary's entitlement
to be distributed among the other beneficiaries.If the
beneficiary eventually turns up seeking his or her entitlement
the bond will be called in.
If you would like further information on our insurance
bonds please contact us
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