Unique Solutions for Unique Needs
At C&G Speciality Insurance Brokers, we recognize that every client has different needs. That’s why we offer a range of specialized products such as financial guarantees, performance bonds, cyber insurance, and borrower’s default insurance. Our aim is to safeguard your projects, digital assets, and financial commitments against unforeseen risks.
Our Special Products
Financial Guarantees
A financial guarantee is a promise by an insurer (or guarantor) to cover a borrower's debt or financial obligation if they default. It gives confidence to the lender or project owner. Through a financial guarantee letter, lenders are relieved as they know that there is someone to recover the amount from if their borrower defaults. It is a legal contract which must be signed by all parties involved, which include the borrower, the lender, and the third-party or the guarantor..
Performance Bonds
A performance bond is a guarantee that a contractor will complete a project according to the agreed terms, timeline, and standards. If they fail, the bond pays compensation to the client. Performance bonds are common in construction and real estate development. In such situations, an owner or investor may require the developer to assure that contractors or project managers procure performance bonds, in order to guarantee that the value of the work will not be lost in case of an unforeseen negative event .
Advance Payment Bonds
This is issued when a contractor receives an advance payment to start a project. It guarantees the client that the money will be used appropriately or refunded if the project fails..
Cyber Insurance
Cyber insurance covers businesses against digital threats, data breaches, and cybercrime-related losses.
Borrower’s Default Insurance
This policy protects lenders (e.g., banks, microfinance, SACCOs) in case borrowers fail to repay their loans. An event of debt default occurs when one or more terms in a loan agreement are violated (or breached) by a borrower.
Why Choose Our Special Products?
Tailored Protection
Custom-designed policies that address specific business and personal risks.
Risk Management
Comprehensive coverage against emerging threats in finance and technology.
Trusted Support
Expert advisors to guide you in selecting the right protection for your unique needs.