Spotlight: Surety bonds - The evolving energy sector part one
Spotlight: Surety bonds - The evolving energy sector part one
20 Apr 2021
Surety bonds can offer companies across various industries a method of managing their liquidity challenges. Post looks at the rapidly changing energy sector and how surety guarantees are a potential solution for managing risks if companies are unable to meet contractual obligations.
Currently, in all aspects of life, we are searching for some assurance from a very uncertain world. From thousands of workers across the UK wondering when they will once again return to the workplace, all the way down to our children considering whether or not their crucial, life-changing exams will take place this year.
Insurance Post
Advertising feature: Understanding the benefits of surety bonds
08 Apr 2021
With cash and working capital management at the forefront of all firm’s minds in the current environment, more companies are turning to insurance company-backed bonds and guarantees as a method of enhancing their overall credit facilities and managing their liquidity according to Andrew Evans, head of Liberty Mutual Surety, United Kingdom and Ireland.
Economic uncertainty increases the risk that business partners cannot meet obligations or complete contracts. The result is that more governmental entities and private companies are requiring bonds guarantees and/or letters of credit to support commercial contracts and regulatory obligations.