Contact MAPFRE Assistance Hotline
A contract to supply material and equipment for construction work is placed for public bidding. The participants to such bidding are required to post a bidder’s bond, which guarantees that if the principal is successful in his bid, he will enter into a contract with the obligee.
When a contract is awarded to a contractor to undertake construction work for the obligee, the contractor is required to post a bond which will guarantee that the principal (the contractor) will perform the job according to the terms and condition of the contract and within the period specified.
Filed by a party who is either a plaintiff or defendant in a litigation case that guarantees that he will honor or pursue the legal remedies of the courts.
- Attachment Bonds: When a complainant (plaintiff) in a legal case has attached the property of the defendant, the complainant is required to post this bond to guarantee that the surety will pay the defendant all his financial losses resulting from the attachment of his property should the plaintiff lose the case.
- Replevin Bond: Replevin is an action to regain possession of personal property. Before the supposed rightful owner-complainant can regain possession of the property, he must first post a replevin bond that answers for the return of the property or for the payment of damages to the defendant should it turn out that the complainant was not the real owner.
Find the right insurance solution for your business. We have business establishment insurance that protects your business assets. We also offer FREE additional benefits such as personal accident, general liability, and money insurance coverages.
Motor Vehicle Insurance for Businesses
Protect the vehicles that help run your business. We have motor vehicle insurance solutions for fleet accounts that provide comprehensive coverage for a group of automobiles.
Accident Insurance for Employees
Are you looking for accident insurance for your employees? We have a group personal accident insurance solution that you may customize based on the coverage you want for your employees.
Plan for a business trip easily and get the right protection for you and your employees during your trip. Our superior travel insurance provides comprehensive personal assistance anytime, anywhere.
Engineering Insurance for Corporations
Protect your equipment and the construction works of your business. We have a range of insurance solutions that provide coverage for the many assets of the business or company. We also have solutions that provide protection for on-going construction and other civil works.
Marine Cargo Insurance
Protect your business assets and goods while these are transported from one destination to another.
Add protection and security to your business.
Disclaimer: This website contains only a general description of coverage and is not a statement of contract. Coverage is subject to the exclusions and conditions of the actual policy. Policy applications are subject to the approval of MAPFRE Insurance.