Insurance Post
Advertising feature: Understanding the benefits of surety bonds
08 Apr 2021
With cash and working capital management at the forefront of all firm’s minds in the current environment, more companies are turning to insurance company-backed bonds and guarantees as a method of enhancing their overall credit facilities and managing their liquidity according to Andrew Evans, head of Liberty Mutual Surety, United Kingdom and Ireland.
Economic uncertainty increases the risk that business partners cannot meet obligations or complete contracts. The result is that more governmental entities and private companies are requiring bonds guarantees and/or letters of credit to support commercial contracts and regulatory obligations.