Payment Bonds

Payment bonds guarantee suppliers will be paid. They’re often used alongside contract bonds to secure compensation for all contractors and suppliers against the risk of non-payment.
 

 

 

Atradius payment bonds relate to a contract, whereby the buyer (our customer) receives a benefit such as goods, rights and services with a compensation to be paid to the supplier (the beneficiary). These surety bonds cover non-payment of the compensation.

Examples of payment bonds include: 

•    Rental bonds
•    Real estate/property bonds
•    Other payment bonds, e.g. fidelity bonds