Zuno Surety Bond Insurance is a three-party agreement under which Zuno General Insurance acts as the Surety and provides a financial guarantee to the Obligee against the Principal's failure to fulfil contractual obligations. The product is designed for contractors and businesses undertaking projects where financial assurance is required by the project owner or beneficiary
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Zuno Surety Bond Insurance offers protection through the following bond options:
Provides a guarantee that advance payments received by the Principal will be repaid if contractual obligations are not fulfilled after receiving the advance payment.
Provides a guarantee that defects will be rectified or outstanding contractual work will be completed during the defect liability period after project completion.
This Surety Bond Insurance will not apply in the following situations:
Note: Please refer to the official policy wording for the complete list of exclusions and policy conditions.
Documents may vary depending on the bond type and underwriting requirements. Generally, the insurer may require:
(Specific document requirements are subject to underwriting and claim assessment.)
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