Frequently Asked Questions

What’s a Surety Bond?

A surety bond isn’t insurance. It’s a tripartite agreement where a third party guarantees the performance of one party in favour of a second party in a contract.

How Does a Council Bond Work?

We will provide your council with a written guarantee on your behalf. The bond remains valid until your building works are completed and the council issues your final occupation certificate.

What’s the Cost of a Council Bond?

Fees are based on the bond value. Simply click on the Get Started button, enter your bond value and receive your quotation.

Why Does a Council Need a Bond?

Councils require bonds to protect their infrastructure assets and to ensure the terms and conditions of your building consent have been fulfilled.

What Happens if a Council Calls on My Bond?

Under our terms and conditions our insurer must pay any amount demanded by your council up to the maximum of the bond value. In this event our insurer will then seek reimbursement from you.

Are Surety Bonds Readily Accepted?

Surety bonds have been functioning in Australia since the 1980’s and are accepted by all levels of government, including councils.

Can I Change or Cancel My Bond?

If you need to change or cancel your bond, please contact us.

Keep your cash and avoid the hassle of a bank guarantee. Be smart, use a Council Bond instead.