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| Bonds and Surety Insurance
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| There are various types of bonds guaranteeing various types of obligations.
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| Fidelity Bonds
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| Compensates employers against loss of money, securities or other property brought about by the dishonest acts of a covered employee.
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| Contractor’s Bonds
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| These types of bonds are applicable to construction contractors, supply and delivery contractors and service contractors. This is where the performance of a contractor is guaranteed by BPI/MS in accordance with the agreed terms and conditions, in favor of the project owner.
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| Judicial Bonds
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| These types of bonds are used in various judicial proceedings as ordered by the courts.
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| License and Permit Bonds
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| These bonds are required by the government to guarantee the compliance with applicable terms and conditions in connection with the operation of a particular business or the exercise of a particular privilege.
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