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Construction Industry Insurance Experts

New Build Warranties to Bonds to Insurance Backed Guarantees

Road Bonds

What is Road Bonds Insurance?
Developers are obligated to provide a local authority with an insurance policy; typically called a Road Bond or Road Bonds Surety before planning permission can be provided to a new development.

Road Bonds Insurance therefore typically acts as a guarantee to ensure both standards and timescales are adhered to. If it is proven that these standards and timescales have not been met the bond will act as a means of funding the completion of the road properly.

Roads Surety Bonds can cover both new and existing roads. The local authority / council will calculate the amount of Road Bond security required. Typically this is more than the developers own budget for the project in question.

Road Bonds will also typically include cover for Sewers (Sewer Bonds Insurance) satisfying therefore agreements within the Water, Highways and Planning Acts.

With extensive experience in this sector we can provide Road Bonds Insurance to builders, developers, and contractors etc.
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