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Performance Guarantee for Construction Firms (BuildSecure)
Specialty
AXA XL Insurance understands that the construction industry is increasingly using highly complex alternative project delivery models. Meet AXA XL’s BuildSecure. BuildSecure offers state of the art performance guarantee security on complex projects including P3, Energy, Healthcare and Private Projects. We offer the unique ability to partner with our construction clients and offer project owners and lenders the form of performance guarantee security they need to guarantee on-time on- budget performance of the project.

Product details

Capacity

Up to USD 250 Million

Coverage

Performance guarantee security protecting against contractor default.

Client Profiles

Top-tier construction companies with strong financial support.

Typical Information Required

Most recent three years annual audited financial statements.

Benefits & Services

Consultation and best practices in the following areas:

  • Contract review
  • Finance Structure
  • Information network
  • Emerging issues
  • Performance security terms and conditions

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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