Liberty General Surety Bond Insurance

Liberty General Surety Bond Insurance helps contractors and businesses meet contractual security requirements while preserving banking limits and liquidity. The solution supports infrastructure and project-based businesses by providing an alternative to conventional guarantee mechanisms. The product is designed for organisations participating in large public and private sector projects.

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Liberty General Surety Bond Insurance: Inclusions

The policy is intended to provide:

Security for contractual obligations.
Support for infrastructure and project contracts.
Protection for project owners against contractor default.
Enhanced project bidding capability.
Alternative security arrangements to traditional guarantees.
Support for eligible government and private sector projects.
Financial indemnification is subject to policy terms and bond conditions.

Liberty General Surety Bond Insurance: Who Can Benefit?

The solution is designed for:

EPC contractors
Real estate developers
Infrastructure companies
Highway contractors
Urban development contractors
Other project-based businesses seeking contractual guarantees

Liberty General Surety Bond Insurance: Exclusions

According to the prospectus, the following are outside the scope of cover:

Financial guarantees in any form
Overseas projects
Cross-border contracts
Projects lacking sufficient transparency or documentation for underwriting review

Note: The above list is indicative. Policyholders should refer to the official policy wording for complete terms, conditions, exclusions, and limitations.

Liberty General Surety Bond Insurance: Claim Process

Default or contractual breach is identified.
Bond invocation is made by the beneficiary.
Supporting documents are submitted.
Claim assessment is conducted.
Settlement is processed as per policy provisions and bond conditions.

Liberty General Surety Bond Insurance: Documents Required

Documents may include:

Contract agreement
Project details
Financial statements
Proposal form
KYC documents
Bond invocation notice
Supporting claim evidence

Subject to Liberty's underwriting and claim requirements

Frequently Asked Questions

Who can purchase Liberty Surety Bond Insurance?

Eligible contractors, infrastructure companies, developers, and project-based organisations.
Does Liberty cover overseas projects?

No. Overseas and cross-border projects are excluded.
Are financial guarantees covered?

No. Financial guarantees are specifically excluded.
Why do businesses use surety bonds?

They help satisfy contractual security requirements while preserving working capital

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Suretybond Insurance Articles

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⁺Premium varies on the basis of Occupancy, Business Activity & Coverage Type
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The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.

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