AP Surety, Australian Pacific Surety - Insurance Bonds Australia

Established in 1994, the AP Surety Group is a specialist underwriter of surety bonds in Australia (AP Surety) and New Zealand (Australian Pacific Surety). With offices in Sydney and Auckland, our experienced team of underwriting professionals aim to provide the efficient delivery of a range of surety bonds to meet the needs of the construction, engineering and manufacturing sectors.



	Surety bonds are an integral part of the construction process, providing protection to the principal client (project owner) against the default or non-performance of a contractor. They offer a unique alternative to bank guarantees, the traditional form of contract security. From the principal client's view, there is the added advantage that the contractor's performance ability has been risk assessed by our underwriters. Approved contractors have access to a facility providing highly rated surety bond 'paper'. The primary benefit for the contractor is that bank credit facilities are totally or partially freed of bank guarantees. This enables the contractor to achieve greater financial leverage from its asset base. Using surety bonds can considerably enhance working capital. Surety bonds are cost effective.



	"The use of surety bonds as an accepted form of contract security, has grown considerably over the past 15 years. Contractors recognise the need to free working capital to fund day-to-day operations. Principal clients can rely on the security of strongly surety bond 'paper' and the knowledge that our surety underwriters have examined the contractor's performance capabilities." Jason Sutherland, Managing Director, New Zealand