Advance Payment Guarantee

Secure Your Advance Payments. Secure Your Contracts

In many projects, employers or clients pay contractors and suppliers an advance payment to help them mobilize resources. But what if the contractor fails to deliver? That’s where Advance Payment Guarantee Insurance comes in.

At Magnit Insurance Brokers, we provide Advance Payment Guarantees that protect employers and project owners, while giving contractors the credibility they need to secure tenders and financing.