Features & Benefits - Surety and Bonds | QBE Insurance Australia
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Features & Benefits

Surety and bonds

Contract Bonds

Benefits of QBE Contract Bonds include:

  • annual facility limits provide certainty when tendering for projects and business planning.
  • underwriting criteria include both Financial and Non-Financial information, rewarding your experience, time in business and sound business practice.
  • provision of unsecured facilities offers better utilisation of your balance sheet, thus enhancing working capital and liquidity.
  • QBE specialist underwriters are available for client visits to determine your individual requirements and provide tailored solutions.
  • QBE’s suite of products are suitable for a number of industries, especially in construction.
  • you are able to access other QBE general insurance product lines at competitive rates.

Commercial Bonds

Benefits of QBE Commercial Deposit Bonds include:

  • provide a safe and innovative alternative to a cash deposit for a commercial property purchase.
  • available short term with a quick and easy approval process.
  • available as short (up to 6 months) and long -term (up to 48 months) bonds in the Australian and New Zealand markets.
  • provides the vendor with a security that can be converted into cash in the event the purchaser does not proceed with settlement of the property.
  • provides a legal document that acts as a form of Surety or Guarantee and is available in all states of Australia and in New Zealand.

Residential Deposit Bonds

Benefits of QBE Residential Deposit Bonds include:

  • provide a safe and innovative alternative to a cash deposit for a residential property purchase.
  • available short term with a quick and easy approval process.
  • can used for an owner occupier, investment or vacant land purchase.
  • available short (up to 6 months) and long-term (up to 48 months) bonds in the Australian and New Zealand markets.
  • provides the vendor with a security that can be converted into cash in the event the purchaser does not proceed with settlement of the property.
  • provides a legal document that acts as a form of Surety or Guarantee and is available in all states of Australia and in New Zealand. 

Probate/Transfer Indemnity Bonds

Benefits of QBE Probate/Transfer Indemnity Bonds include:

  • provide a legal document that is an unconditional guarantee which guarantees the "Last Will and Testament" of a deceased Shareholder is indeed a valid document and should be recognised by public companies.
  • extremely quick and easy to obtain and can save you a significant amount of time compared to obtaining a Grant of Probate or Letters of Administration.
  • allow the shareholding to be transferred without the need to obtain a Grant of Probate, Letter of Administration or a Resale of Probate, reducing the need for solicitors.
  • endorsed by the industry's peak body, the Securities Registrars Association of Australia Inc.
  • the cost of purchasing a Probate and Transfer/Indemnity Bond usually compares favourably with the expenses associated with obtaining a Grant of Probate, or Letters of Administration.
  • widely recognised as a valid alternative and accepted by the vast majority of Australia's Publicly Listed Companies.

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