BTLA Broker / Insurance bonds
Performance bond.
Check the security before signing the contract.
Signing a contract may depend on providing security. We help prepare an application for a performance bond and align its parameters with the beneficiary’s requirements.
For contractors whose contracts require performance security.
01 / Needs analysis
What will we establish before comparing quotes?
Availability, premium, limits, excesses and exclusions depend on risk assessment and the specific contract terms. Sending an enquiry does not activate cover.
What do we check in these areas?
Contract and security
We establish the subject matter, value and timetable of the contract, along with the required bond amount. We also check whether it is to cover successive stages of performance.
Document text
The validity period, demand procedure and payment conditions matter. Guarantee wording should be agreed before the submission deadline.
Limit and business situation
Assessment may require financial documents, a contract portfolio and other guarantee obligations. Availability and cost depend on the guarantor’s decision.
02 / Preparing for the discussion
You do not need to have all the documents straight away.
Provide basic information in the questionnaire. If you are unsure about something, describe it briefly or choose a conversation. Once we understand your needs, we will establish what data is required for further analysis.
What should you prepare?
The contract or draft agreement, security requirements, value, dates and information about other bonds.
We will agree documents and details individually. The form starts contact; do not use it to send sensitive data or third-party documents.
03 / An important distinction
Before you choose cover.
Is a guarantee a policy protecting the contractor against loss?+
It does not serve that purpose. It protects the beneficiary’s interest, and the agreement with the guarantor may require the applicant to reimburse any payment made.
What determines the price?+
It depends on the subject matter and scale of the risk, the cover, limits, claims history and the terms offered by the insurer. First, we need information about your situation. We do not provide a misleading quote based on the product name alone.
SPECIFICS / BEFORE A DECISION
Before you request a quote.
What affects the cost?
- Value, security amount and contract duration
- Contract terms and guarantee wording
- Contractor's financial assessment
These are starting points for a conversation. A meaningful price comparison requires a defined scope and terms of cover.
What will help our first conversation?
- Draft or signed contract
- Guarantee amount and period
- Beneficiary requirements
Don't have everything? Start with a brief description. We will establish what can be added later.
Can any bond wording be used?
The template must meet the beneficiary's requirements and be accepted by the guarantor. We therefore analyse it before issuing the document.
What happens after you report a claim?
We will contact you about your needs, clarify the information and agree the scope of further analysis. An enquiry alone does not put cover in place.
04 / Let's talk
Let’s get into the details.
Performance bond — describe your business’s needs or request a conversation. We will get back to you with information about the next steps.
Call us 32 307 70 37↗Send an email [email protected]↗Enquiry to BTLA Broker
Performance bond: start with your needs. You can add the details during our conversation.
Service hours: Mon–Fri, 8:00–17:00
What next? After you submit the enquiry, our team will contact you about it and establish what information is needed for a review.
A topic is enough to start. The BTLA team will agree with you what information and documents are needed.
Service hours: Mon–Fri, 8:00–17:00.
Conversations in Polish or English.
The data controller is BTLA BROKER LEADER sp. z o.o., al. Wojciecha Korfantego 138A lok. 114, 40-156 Katowice. We will use the data provided to handle your enquiry and contact you about it. Details of data processing and your rights are available in the privacy policy. Privacy policy (new tab).