The guarantee that
wins you the contract.
From the bid you have to back to the advance you must secure and the job you must finish — a bond is the proof that lets a client trust you with the work. Cover that stands behind your obligation, up to the bond value, so you can win the contract and deliver it.
The contractor who didn't deliver.
Brokered with our panel of insurers · quote confirmed with you · bound with the team.
When a contractor defaults, a bond from My Insure Bank pays the client — up to the bond value, so the obligation behind the contract is honoured.
Bonds that win the bid and guarantee the job
Every Bonds & Guarantees line on the MIB panel — from the bid bond that gets you to the table to the performance bond that lets a client trust you with the work. Each is brokered: request a quote and our team binds it with the right insurer.
Performance Bond
Most popularGuarantees you complete the contract to the terms you agreed.
- Backs completion of the works
- Pays the client if you default
- Up to the bond value agreed
Advance Payment Bond
Secures the advance a client pays you before the work begins.
- Protects the client's advance
- Recovered if work isn't delivered
- Releases working capital to you
Bid Bond
Best valueBacks your tender so the client knows your bid is serious.
- Required to enter many tenders
- Guarantees you'll sign if you win
- Gets you to the table
Custom Bond
Guarantees the duty and obligations you owe to customs.
- Backs duty owed on imports
- Clears goods through customs
- Settled with the authority
Fidelity Guarantee
Restores what your business loses to a dishonest employee.
- Theft or fraud by staff
- Named or all-employee cover
- Restores what was taken
Prices are guidance from typical premiums — your exact quote depends on the contract value, the bond value and your standing, and is confirmed with you.
Backing you can stand behind, bonds clients trust
Bonds and guarantees brokered the right way — backing across insurers for your contract value, and a team that binds the bond your tender calls for.
We arrange bonds and guarantees across our panel of regulated Nigerian insurers, so your tender carries backing the client recognises.
Tell us the contract and the bond your tender calls for; our team prepares the quote and binds the bond with the right insurer — no guesswork.
A bond stands behind your contract — if the worst happens, it pays the client up to the bond value, so the obligation is honoured.
A product of PRA Insurance Brokers, licensed by NAICOM (Reg. No. RBC-1015, Composite Broker).
Get your bond or guarantee quote
Tell us the contract and the bond your tender calls for — bid, performance, advance-payment, customs or a fidelity guarantee — and our team prepares a quote across our panel of insurers and binds the right bond for your contract value.
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Real products from NAICOM-licensed underwriters, arranged through My Insure Bank. Buy online in minutes, or speak to a broker for a tailored quote.
Underwritten by Universal Insurance PLC (NAICOM-licensed) · arranged by My Insure Bank, a product of PRA Insurance Brokers.