Customer Service +233 302 218 500

Branch Office Locator

We have branch offices close to you to serve your general insurance needs and offer you the exceptional service you deserve. Locate your nearest branch office.

Hotline +233 302 218 500

Bonds

These are sureties given to employers of contractors, financiers and other principals to guarantee the specific performance of the contractual obligations of the contractors. Default of contractors result in a claim on the bond payable to the principal. The main bonds written by GLICO GENERAL are:

  • Bid Bond: This bond is issued to guarantee that a bidder upon being declared successful will abide by the terms of the tender process to perform the contract without withdrawing from same.
  • Performance Bond: This bond guarantees that a particular service will be provided or a contract will be satisfactorily executed to the detailed specifications laid out in the contract or agreement between contracting parties.
  • Advance Mobilization Bond: This bond guarantees the contractors use of funds advanced by the employer/principal for the prescribed purpose and further guarantees its repayment in the agreed manner.
  • Other Bonds: GLICO GENERAL underwrites other bonds such as Customs bonds which provide guarantee to the Republic of Ghana (through Customs, Excise and Preventive Services -CEPS) who are the collecting agent), that an importer/exporter would pay all duties due on the imported/exported goods.

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