; charset=UTF-8" /> Advance Payment Bond | Tsehay Insurance

This type of insurance policy is  in case of :-

1 .    After entering in to a contract of performance or service in cases where the contractor requires an advance payment or pre-financing a contract; this bond secure the repayment the advance payment either by executing the contracted work/ service or by cash.

2 . In case contractor fails to fulfill their obligation and commit default the insurance company  will pay the amount to the employer which is outstanding at that time.