International Surety Bonds
Seaman’s Insurance Group is Florida’s Premier Boutique Surety Shop and Insurance Agency. If your company finds that it is in need of International Surety Bonds, we are here to help you. We have access to the most competitive International Surety Bond companies. With the increased spending on international infrastructure recently as well as the growth on global construction, we are finding that companies are competing for work in various countries. International banks once provided the lion’s share the international surety bonds required by construction firms. New capital requirements have forced banks to not only raise the cost but limit the supply of the guarantees provided. Thankfully U.S. based sureties have expanded their global capabilities and are able to meet demand caused by the change in the international banking industry.
United States based companies needing International Surety Bond
For US based companies that are active internationally, or are looking to enter the international marketplace, international surety requirements can present new challenges. Overseas bonds tend to act more like a “pay on demand” basis as opposed to conditional bonds they are accustomed to.
International Companies Entering the United States Market Place
International firms entering the US market are also faced with new challenges or at least challenges they are not accustomed because US laws require bonds to be for 100%.
International Surety Clients
To meet the needs of our international surety clients, Seaman’s Insurance Group is ready willing and able to help with the following international surety bonds:
- International Bid/Tender Bonds
- International Performance bonds
- International Advance payment bonds
- International Pay on Demand Bonds
- International Maintenance/Warranty bonds
- International Customs bonds
- International Court/judicial bonds
- International Replacing LOC’s with International surety bonds
- International Bank/Surety Syndication
Target International Surety Bond Clients
- Large domestic corporations and multinational companies
- Global multinational companies with U.S. bond needs
- Public and strong private international companies
- Multinational contractors/ International Contractors
- International Manufacturers
- International Technology companies
- International Oil field service firms
- International Mining and material companies
- International Dredgers
- International Pharmaceuticals
- International Agricultural processors
Surety Bond Request
Please provide a little information for us to get started on helping you with your bond needs.