Slide 1
Performance Bond

Protecting commercial
contractor performance

Performance Bond

Provides you protection from contractor in fulfilling their contractual obligations and responsibilities

Bond is to guarantee the performance of the contractor in fulfilling the
contractual obligations/ responsibilities as required by the Principal (in a
construction or construction related contract).

NOTE: The above is intended as a general summary only. The specific terms,
coverage, exclusions and conditions applicable to this insurance are described
in the policy.

More About National Insurance Performance Bond​ Product


In the event of default by the Contractor, the Principal shall be paid by the Insurer the amount guaranteed. The Insurer, in turn, shall recover the losses from the Contractor and the guarantors. Duration of cover is in accordance with the contract period and for most government projects, with additional one month.

Business Insurance
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Contact Info

Unit 12 & 13, Block A, Regent Square
Simpang 150, Kampong Kiarong BE1318
P.O. Box 1251, BSB BS8672
Negara Brunei Darussalam
+673 222 6222
Monday to Thursday
8.00am to 5.30pm

8.00am to 12.00pm
2.00pm to 5.30pm