At NCPC International Corp. we have the experience and specialist skills needed to advise you and develop international business bond  insurance solutions tailored to suit your individual requirements on the international platform.

Businesses with operations in more than one country are exposed to a variety of risks and regulatory environments and it’s crucial for their insurance and risk management programme to reflect this.

We understand that designing a successful international business insurance package is about finding the optimum balance between a range of global and local factors. These include consistency, certainty of cover and cost efficiency & control versus local desire for autonomy. And these are, of course, all underpinned by ensuring legislative and regulatory compliance.

Our international team can:

• provide an innovative and proactive service to support your international business
• guide you through the legislative and regulatory landscape to ensure your insurance programme is compliant
• work with you to understand how best to balance ‘global versus local’ for your business
• develop your insurance programmed maximizing the benefits of our strong relationships with the leading specialist global insurers
• provide assistance and advice to ensure a rapid and coordinated response to claims
• provide a local service to your global offices. NCPC International Corp. is part of the Worldwide Insurance Network Group– a group of independent partner brokers that provide coordinated, integrated surety bond and risk insurance management solutions around the world. Offering consistency of cover and support in addressing local compliance and regulatory issues. Performance bonds
  Provides cover for the additional costs to complete a contract, should the contractor fail and is usually 10% of the contract price. Performance Bonds are financial instruments of Guarantee issued by Insurance Companies and Banks. They are usually used to provide a guarantee to one company (the Beneficiary) against another company (the Principal) defaulting on its contractual obligations. Many principal contractors now require a performance bond from their sub-contractors before awarding them a contract.Advance payment bond
  Guarantees that money will be utilised in accordance with the contract or will cover reimbursement should the supplier become insolvent. Retention bond
  Provided in lieu of a customer withholding payment pending final fulfilment of a contract.Bid/tender bond�[read more=”Read more” less=”Read less”]
  Provides the employer with a two-fold guarantee that the contractor will honour their tender and provide a performance or contract guarantee bond should the bid be the successful one.

  Road/Highways Act bond
  A statutory requirement under S38 England and Wales and S21 Scotland. Issued on behalf of developers to guarantee completion of roads and sewers prior to adoption by the local authority.

  Duty deferment/custom bond
  Used by importers to defer payment of duty of goods and issued to the benefit of HMRC.

  International� payment  guarantees
  To evidence that the importer has the means to conclude transactions and are not just middlemen.

  What can be covered?

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  Claims which arise as a result of:

  • negligence, error or omission
  • misplacement or damage to documents
  • unintentional breach of confidence,�confidential duty or misuse of information
  • unintentional infringement of intellectual property rights
  • medical malpractice.

  We place cover for all types of professional firms, in particular we specialise in:

  • larger businesses
  • complex professional risks
  • large limits (up to £100m).
  • Aviation
  • Mineral mining oil & gas exploration,
  • business interruption
  • Energy
  • Transportation / Logistics /marine cargo
  • engineering risks.
  • The risks to business from acts of terrorism are ever present in the UK and around the world. The demand for insurance against terrorism continues and is often a requirement of finance arrangements.

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• Surety bonds and Guarantees

• Highly experienced in arranging a huge variety of bonds to meet the demands of even the most complicated of contracts.

  Our surety bond insurance team can be as flexible as you need, working on a contract to contract basis or giving you additional certainty for your contract negotiations.

• Whatever the size, nature or location of a business it will face operational, strategic and regulatory risks.Highly experienced in arranging a huge variety of bonds to meet the demands of even the most complicated of contracts, our surety bond insurance team can be as flexible as you need, working risk exposures on a contract to contract basis or giving you additional certainty for your contract negotiations.

  *The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the associated risk in a business or contract.

  With liquidity increasingly under pressure, the surety bond insurance that we can arrange for you underpins your performance while not impinging on existing loan facilities. Either unsecured or off balance sheet, rates start from 1% per annum and conditional wordings mean there’s no on demand call allowed.

  • .
  • Risk management
  • Furthermore the dynamics of the business environment makes it harder for companies to ensure they comply with the ever changing demands to protect their business both now and in the future.
  • Risk management has become a fundamental requirement of good management in every aspect of all business and is practiced at all levels.
  • Effective risk management can help to reduce exposure to preventable losses and can result in lower insurance premiums.
  • Therefore we suggest programmes aimed at targeting those areas where investment will reduce claims activity and overall insurance costs.
  • We have access to consultants with capabilities in the following areas:
    property control risk surveys
    • business continuity planning
    • health & safety audits
    • environmental impairment
    • Industrial risk analysis/profiling
    • mineral resources .

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