ENVIRONMENT AGENCY BONDS
What is an Environment Agency Bond?
In order to fulfil legal obligations under various statutes a contractor may be required to place a bond in favour of the Environment Agency, for a variety of bespoke purposes. A common requirement relates to the operation of Landfill Sites, Recycling Plants and Quarries.
Nationwide Sureties Ltd have been successfully sourcing Environment Agency guarantees and bonds for the Construction Industry since 1999.
As one of the UK’s leading insurance surety bond specialists, we pride ourselves on our professional knowledge and ability to understand our client insurance surety bond needs.
Many contractors and sub-contractors rely on their banks to provide insurance bonds and financial guarantees.
Unfortunately, the bank takes real asset security or reduces the contractor’s facilities in order to provide the surety. In many cases, this restricts the contractor because of reduced working capital.
In most cases, Nationwide Sureties Ltd is able to place insurance surety bond requirements without the above-mentioned restrictions; even short trading histories may be considered.
Nationwide Sureties offers a full range of environment agency bonds that can be made to specification to give a complete solution for any need. We also pride ourselves on not only being able to meet but exceed the needs of our clients.
On receipt of the application we will endeavor to make a quick turnaround of the requirement in order to do this we follow the following procedure
What we require from you
Provide us the details of the location of the site, which is the subject of the Environment Agency requirement, including bond amount and period for which it will be required, together with:
A copy of the bond wording required by The Environment Agency
A copy of your last published audited accounts (if you are part of a group, group accounts, too)
A copy of your latest management accounts
Upon receipt of your application, we will respond to you quickly with our quotation and any request for further information.
Once you have accepted our terms and provided any additional information requested, we will send you any legal documents that need to be executed (such as counter-indemnities) and an invoice for the premium.
Following receipt of the legal paperwork and premium, we will issue the bond.