Why choose Bond Insurance?

Genac guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

Tender/Bid Bond

To ensure that the contractor has the experience and means to deal with the contract if awarded to him. This bond is a guarantee by the Surety/Insurer to cover the cost to the Principal in the event the contractor is unable to take up the award and the contract needs to be re-tendered.

Mobilization Bond

An undertaking/guarantee by the Surety/Insurer to pay compensation to the Principal where the contractor has been advanced funds by the Principal to commence the work. Where an advance payment is made, the Principal needs to be sure that this will be expended on the contract.
This bond is to guarantee that the contractor will use the advanced payment in the manner it is prescribed.

Performance Bond

An undertaking/guarantee by the Surety/Insurer to pay compensation to the Principal if the person guaranteed by the bond (contractor) fails to fulfil his obligation under the terms of the contract to complete the performance of the contract works and in the manner so prescribed.

 

General Accident Insurance Company Jamaica Limited Unaudited Financial Statements Year Ended 31 December 2018

GENAC Q4 Results 2018 GENAC Management Team Report – Dec 2018 GENAC Directors and Connected Parti...

General Accident profits increase

There was an increase in profit at General Accident Insurance Company for the year ended December 31...

General Accident Insurance Company Limited (GENAC) Declares Dividend

General Accident Insurance Company Limited (GENAC)  has declared a dividend of $0.1455 per share pay...

Top seed Johnson on course in General Accident Open Tennis Championships - April 9

TOP seed Damion Johnson advanced to the semi-final of the 2016 General Accident Insurance Company Op...

Winners' Circle - September 24

Frozen Delights Distributors Limited Sales & Merchandising Manager Simone Abrego (right) and her...
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