Features & Benefits
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.
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.
Lease Performance Bonds
Benefits of QBE Lease Performance Bonds include:
- specifically designed for landlords and you as a tenant of commercial, retail and industrial properties.
- as a tenant, you are not required to provide collateral security and do not need to tie up assets in contingent liabilities as you would with a bank guarantee.
- a cost-effective alternative to the traditional contract security, enabling you as a tenant to maximise your working capital and reduce your overall cost of occupancy.
- available as short (minimum 12 months) and long-term (up to 60 months) bonds in the Australian markets, independent of any existing banking relationships.
- provides a legal document that acts as a form of Surety or Guarantee and is available in all states of Australia.
- cost competitive – fees on lease bonds are payable in advance and are competitive to bank charges. fees are determined on a case-by-case basis and typically cost less than 3% of the face value of the bond per annum.
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.