Risk Management & Insurance Services Asian Practice Claims Advocacy Directors & Officers Liability Estates & Instruments Replacement HKMB Capital Solutions HKMBCerts International Services Marine Mergers & Acquisitions People Solutions (Employee Benefits) Private Client Management (Personal Lines) Small & Mid-Sized Businesses Surety Industry Expertise Auto Dealers Community-Based Organizations Construction & Engineering Environmental Food Services Franchisors High Tech & Knowledge-Based Businesses Hospitality Houses of Worship Leasing & Lending Community Life Sciences & Bio Tech Long Term Care Facilities Manufacturing Private Equity & Venture Capitalists Real Estate and Property Management Sports & Entertainment Transportation & Logistics

In today’s challenging business environment, the requirement for financial assurance is growing in virtually every industry. In an effort to transfer risk, financial institutions, corporations and investors are increasingly adopting the traditional practice of government agencies and insisting that contracts be secured through some form of financial guarantee.

Surety bonds have been providing financial assurance for over a century in North America and continue to be the preferred solution for a majority of contracts. The success of surety bonds over the years, primarily in the construction industry, has lead to an increase in the product’s popularity and the adoption of bonds as a means of risk transfer and risk reduction for a wide variety of industries.

Surety bonds are typically issued by insurance companies and represent third-party financial guarantees, used predominately to ensure the successful completion of a contract. Over the years, bonding has evolved from a more contractual nature to a commercial application, guaranteeing compliance under various government licences or legislative acts.

Perhaps bonding’s greatest advantage derives from the fact that outstanding bonded obligations are treated as “off balance sheet” items that serve as a favorable alternative to letters of credit. Effective leveraging of a surety facility can result in an improved financial picture, which in turn, can lead to a reduced cost of borrowing.

Ensuring proper surety support has become an integral part of the operations of many companies both large and small, and the right surety relationship can be the difference between success and failure for any business.

HKMB has the ability to support your company's portfolio of surety bonds, regardless of size or complexity.

Construction Surety provides in-depth industry knowledge, solutions, project analysis, contract review and day-to-day construction bond execution services. Examples of these bonds include Bid - Performance, Payment, Supply, Maintenance and Warranty Bonds.

Commercial Surety obtains the best capacity at the lowest cost for all your corporate surety needs. Examples of these bonds include Customs and Excise, Licence and Permit, Fiduciary, and Lost Document Bonds.