Surety Solutions

Solutions for contractual obligations that provides security to a beneficiary and releases your working capital.

Attis Surety Solutions
Attis Surety Solutions are experts at placing bonds whether it is a one-off requirement, facility or additional capacity we work closely to maximise the support our clients receive from the market.

Insurance bonds (Surety) provide conditional security to protect the beneficiary against default or insolvency of a company, up to the limit value. The use of Surety Solutions can replace Letters of Credit and Bank Guarantees, releasing trapped working capital.

  • Performance  – a standard requirement within a construction contract, employers typically seek a bond for 10% of the contract value.
  • Retention –  fast becoming a popular way to avoid the problems associated with retention recovery. Amounts that would otherwise have been held as retention are instead paid and a bond is provided to the employer.
  • Advanced Payment –Such a bond provides significant cash flow benefits to the contractor, enable advance payments to be made in advance of work/services being carried out.
  • Bid – provides protection to the employer to ensure that if the contractor fails to honour the terms of the bid they will be compensated.
  • Section – a guarantee on behalf of a property developer or house builder, to complete the roads and sewers for handover to the appropriate local authority.
  • Restoration – often sought for major contracts which effect the environment, to ensure that the landscape is restored following completion on the project.
  • HMRC – duty deferment and customs bonds are used by importers to manage the payment of duty on goods and are issued to the benefit of HMRC. Implementing a bond eases cash flow by deferring payment for a given period. 

We can also place:

  • Pension
  • Travel 

Please contact Callum Griffiths (Head of Surety) on 0113 531 5561 for an independent and unbiased review of your requirements.

Surety providers:

Allianz Trade
first underwriting
Credit Insurance Underwriter Markel
Credit Insurance Underwriter Nexus
Credit Insurance Underwriter QBE
Credit Insurance Underwriter TOKIO MARINE HCC

What Our Clients Say

Having worked with Paul and his team for over twenty years, I have no hesitation in recommending Attis Credit Solutions. As well as sourcing the correct cover for all of our Credit Insurance needs, the team also provide us with on-going insight and sector specific market intelligence, enabling us to proactively manage our risk portfolio and keep bad debt to an absolute minimum.
Operations Director – £200m Energy Provider
Service is extremely important for us when selecting a broker and having experienced a fantastic level of service working with the team at Attis for around 10 years across various companies/brokerages, it was a no brainer for us to appoint Attis. They take time to understand your business and its needs.
All Steels Trading Ltd
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Attis Credit Solutions Ltd, is authorised and regulated by the Financial Conduct Authority (FCA). FRN 948508. Registered England and Wales. Registered Office Millshaw, Leeds, LS11 8EG. Company reg no. 12917719.

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