Here at Caricom, we only issue bonds to reputable Companies with a minimum of two (2) years of good track record. Our staff members are skilled and knowledgeable in the areas of insurance, and engineering. This allows us to make fast professional underwriting decisions in order to serve you better.
Types of Coverage offered:
- Bid Bonds
- Performance Bonds
- Advanced Mobilization Bonds
- Contractor’s All Risk
- Public Liability
- Employers’ Liability
If you are interested in obtaining a quotation, you will need to submit:
- A completed Application form
- A copy of your recent financial statements
- A copy of the contract for which the bond is needed
For the Issuance of any Bond, the requirements to comply are as follows:
- Business Registration & Renewal License
- GRA Compliance Certificate
- NIS Compliance Certificate
- Original Documents of Collateral, Registration, Transport, Photographs & Valuation of Collateral - Vehicle, machines, etc
- Award Documents of Projects
- Bonds & Insurance Requirement Page(s) from Contract Document
- Audited Financial Statements, List of assets to match with Financials
- References (2)
- Past Job (Brief)
- Proof of Address
*Application forms/Required Checklist can be uplifted from any of our office locations or you can leave us a message and one will be e-mailed to you.
You will be contacted within 24 hours of providing this information on whether we will accept the risk or not. Policy documents are issued immediately once coverage is accepted.
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Let us help you secure your future today!