Post-completion obligations
Maintenance and warranty bonds
Support for repair, rectification and warranty obligations after completion, delivery or acceptance.
Submit this type of riskA maintenance or warranty bond supports obligations that continue after practical completion or delivery. Depending on the contract, those obligations may include correcting defects, meeting performance tests, replacing faulty equipment or completing notified remedial work.
Titanium reviews the completed work, acceptance status, technology, warranty language and the applicant's practical ability to return and remedy issues. Exposure is not assumed to be lower simply because the main works are complete.
Typical uses
Where it can apply.
- Construction defects periods
- Industrial equipment warranties
- Engineering performance testing
- Supply and installation contracts
Underwriting focus
What drives the decision.
- Completion and acceptance evidence
- Outstanding defects and performance tests
- Technology and manufacturer support
- Warranty scope, duration, demand terms and aggregate exposure
Initial submission
Information that moves the review forward.
A complete pack reduces assumptions and allows legal structure, wording and credit to be considered together.
- 01
Relevant contract and warranty clauses
- 02
Proposed bond wording
- 03
Completion, acceptance and test certificates
- 04
Outstanding defects or punch list
- 05
Applicant service and remedy capability
- 06
Requested amount, start date and expiry
Important considerations
Structure remains case specific.
- Latent-defect exposure is not the same as a contractual warranty bond.
- Technology performance risk may require specialist review.
- Clear notice, cure and expiry provisions support a defined exposure.
Common questions
Clear answers before submission.
Is a warranty bond product warranty insurance?
No. It supports specified obligations of the bonded applicant under a contract. The wording determines what is covered and who may make a demand.
Can it replace the maintenance portion of a performance bond?
Sometimes a dedicated post-completion bond replaces or reduces earlier security, but the transition must be explicit in the contract and bond wording.
Discuss an opportunity
Discuss a maintenance / warranty bonds opportunity.
Our review starts with the underlying obligation, the applicant and the legally compliant route to issuance.
Submit a risk