Solutions for your most complex surety risks
In the UK, surety supports construction and infrastructure by providing bonds that help businesses meet contractual obligations. In an ever changing economic and political climate, surety is often a better alternative to bank lines of credit because it preserves working capital, protects borrowing capacity, and provides contract-specific security.
Our products
Surety guarantees play an important role in supporting contractual obligations, regulatory requirements, and commercial confidence across a wide range of industries. They provide a guarantee that a party will meet its commitments, helping to protect project owners, public bodies, and other stakeholders if those obligations are not fulfilled. From construction and infrastructure to customs, tax, and professional compliance, surety bonds offer a flexible risk-management solution tailored to specific needs. The most common bond types include:
Performance bond
Guarantees our clients contractual obligations and offer protection to a beneficiary in the event of default.
Appeal bond
Required by courts to ensure that an appellant will satisfy the judgment, costs, or damages if the appeal is unsuccessful.
Advance payment bond
Protects the beneficiary if advance payments made to a client are not properly used or the work is not delivered.
Customs/deferred duty bond
Secures payment of customs duties, taxes, and compliance obligations on imported goods.
Retention bond
Replaces cash retention by guaranteeing that defects or outstanding obligations will be remedied under the contract.
Pension bond
Supports the funding of pension obligations, providing reassurance that pension liabilities will be met.
Decommissioning bond
Guarantees the cost of decommissioning, dismantling, or site restoration obligations if the responsible party fails to carry them out.
Reclamation bond
Ensures land or a site is restored to a usable or agreed condition after activities such as mining, quarrying, or land disturbance.
Bid/tender bond
Guarantees that a bidder will enter into the contract and provide the required performance security if their tender is accepted.
Warranty bond
Covers defects and faulty workmanship during the warranty period after practical completion.
Letter of credit replacement
Acts as substitute security for a letter of credit, often used to replace bank-issued collateral in favour of a surety.
Construction
Surety guarantees are vital to the construction industry, helping provide confidence that contractors will complete projects, meet contractual requirements, and deliver work as agreed.
Defense
Guarantees play a pivotal role in the defense industry by helping ensure contractors fulfill obligations related to military equipment, infrastructure, and maintenance services.
Energy
In the energy industry, including renewables and oil & gas, guarantees help ensure contractors fulfill obligations related to power generation, transmission, drilling, project delivery, etc.
Engineering
Engineering projects often rely on guarantees to provide assurance that contractors will complete work as agreed, from design and manufacturing through to installation and delivery.
Manufacturing
In manufacturing, guarantees can help support confidence that suppliers and contractors will deliver machinery, components, and finished products in line with agreed timelines and specifications.
Products built for your industry
Our guarantees are designed to support the unique needs of a wide range of industries. In addition to the sectors highlighted below, we also write bonds in commodities, natural resources, pharmaceuticals, financial services and power/utilities.
Get in touch
To learn more about Liberty Mutual Surety’s products and services in the United Kingdom, download our fact sheet or contact one of our underwriters.