Insurance & Surety
Insurance Services & Transaction Protection
Every stage of a transaction carries a different risk. We structure insurance, bonds and guarantees so that buyers and sellers are protected from the first advance payment to the equipment operating on site.
Complete Transaction Protection
One transaction, six points of exposure
Follow the money and the goods. At each handover the risk moves between the buyer and the seller — and a different instrument is what closes the gap.
Buyer risks
- Advance payment exposure
- Seller or contractor performance risk
- Cargo loss or damage in transit
- Installation, testing and project risks
- Equipment-related operational risks
Seller risks
- Buyer credit risk
- Non-payment after delivery
- Cargo risks before title transfers
- Product liability after handover
- Contractual and project obligations
- 01
Advance Payment
Buyer pays before delivery
Advance Payment Bond / GuaranteeRisk
Seller may not perform after receiving the advance
- 02
Manufacturing
Seller / manufacturer produces
Performance BondRisk
Contractual obligations may not be met
- 03
Shipment
Equipment in transit
Cargo / Marine InsuranceRisk
Physical loss or damage in transit
- 04
Delivery & Installation
Site works, testing, commissioning
Installation / Erection All RisksRisk
Damage during erection, testing or commissioning
- 05
Acceptance & Final Payment
Buyer accepts, balance falls due
Trade Credit InsuranceRisk
Buyer non-payment under credit terms
- 06
Equipment in Operation
Product in use by the buyer
Product Liability InsuranceRisk
Third-party injury or property damage
Result: the buyer's advance, the seller's receivable, the goods in transit, the installation and the equipment in service are each addressed by a defined instrument rather than left to the contract alone.
Worked example
A $2m equipment purchase
A buyer purchases $2,000,000 of industrial equipment from an overseas manufacturer, paying 30% in advance and the balance after installation and acceptance.
| What can go wrong | What responds |
|---|---|
| The $600,000 advance is paid before anything is produced | Advance Payment Bond |
| The manufacturer may not deliver to specification or on time | Performance Bond |
| The equipment crosses an ocean and two road legs | Cargo / Marine Insurance |
| A module is dropped during erection on site | Installation / Erection All Risks |
| The buyer delays the $1,400,000 balance payment | Trade Credit Insurance |
| The equipment injures an operator two years later | Product Liability Insurance |
Illustrative only. What is available, at what limit and on what terms depends on underwriting and the issued wording.
Transaction Protection
Transaction instruments
Instruments that protect a purchase from the first advance payment through to the equipment operating on site.
Advance Payment Bond & Guarantee
Financial protection for a buyer's advance payment if the seller does not fulfil its contractual obligations, subject to the terms of the issued instrument.
Coverage detailsPerformance Bond & Surety
Additional security for a buyer or project owner where a seller or contractor fails to perform specified contractual obligations.
Coverage detailsCargo & Marine Insurance
Protection against covered physical loss or damage to goods while they move by sea, air, road, rail or multimodal transport.
Coverage detailsInstallation & Erection All Risks (EAR)
Protection against specified physical loss or damage during installation, erection, testing and commissioning, subject to policy terms.
Coverage detailsTrade Credit Insurance
Protection for a seller's receivables against certain qualifying buyer non-payment risks, subject to the policy and credit limits granted.
Coverage detailsProduct Liability Insurance
Protection for manufacturers and suppliers against certain covered third-party claims for bodily injury or property damage caused by their products.
Coverage detailsBusiness
Business cover
Programmes covering the insurable exposures of a trading business and its operations.
Business Insurance Programmes
A coordinated programme covering the core insurable exposures of a trading business, structured around its actual operations.
Coverage detailsSecurity-Company Insurance
Insurance structured for the specific exposures of private security firms, guarding contractors and in-house security operations.
Coverage detailsProfessional & General Liability
Liability protection for advice, services and everyday operations — covering claims of negligence, injury or property damage, subject to policy terms.
Coverage detailsProperty, Equipment & Fleet Insurance
Cover for buildings, plant, stock and vehicles, together with the business interruption that follows physical damage.
Coverage detailsCyber Insurance
Response and financial protection for cyber incidents, data breaches and related liabilities, subject to policy terms and security requirements.
Coverage detailsPersonal
Personal cover
Individual and employee protection arranged through licensed providers.
FAQ
Insurance questions
How the advisory relationship works, what is guaranteed, and how a quote request proceeds.
Important notice
Osford Risk Group is not an insurer, surety or guarantor. Descriptions on this page are illustrative and are not an offer of cover or a statement of what any policy will pay. Actual coverage, exclusions, limits, deductibles, premiums, eligibility and availability depend on the insurer or surety, the underwriting outcome, the wording of the issued policy, bond or guarantee, and the law of the relevant jurisdiction. Regulated activity is arranged through appropriately licensed partners.
Protect your next transaction
Send us the outline of the deal — value, parties, delivery terms and payment structure. We will map the exposures and set out the instruments that address them.