Specialist Guarantees
Our dedicated group of experts have a wealth of industry knowledge and are well placed to give expert advice on these lines of specialist insurance.

Guarantee insurance
A Guarantee acts as security to a beneficiary for the obligations of a contractor or debtor in the event of a default.

Why use a Guarantee through Apio?

  • Less collateral requirements than a bank
  • Faster turnaround times
  • Dedicated experts and advice
  • A team will assist you with outlining the full process of setting up a Guarantee facility

Who requires a Guarantee?

Construction Industry

Construction companies and their sub-contractors require various Guarantees before being awarded a construction project for major employers, such as large corporate and government entities.

Guarantees have become a requirement for the majority of construction companies and their associated sub-contractors. These Guarantees
range from:

  • Bid bonds
  • Advanced Payment Guarantees
  • Performance Guarantees
  • Retention Bonds

The Logistics Sector

Logistics companies often require a combination of Guarantees and Credit insurance solutions to meet specific requirements.

Guarantees in this sector include:

  • Customs Guarantees, including deferments, bonded warehouse, road bonds, temporary imports
  • Transnet (NPA, SAPO, TFR)
  • Airlines (SAA, Emirates)

Traditionally, these guarantees were issued and supplied by the banks, but an Insurance Guarantee is widely accepted and has become a useful alternative in helping a company free up cash from existing banking facilities.

Bulk users and suppliers of fuel

Fuel is the lifeblood of many companies in South Africa and as such the requirement for fuel is an absolute priority. Choosing the right supplier is the first step, but being able to purchase the fuel has its own issues. Most Major fuel suppliers in the country insist on your funds up front before they are willing to supply you with fuel. In order to obtain terms from many Major suppliers, a Payment or Fuel Guarantee is a requirement.

The Payment or Fuel Guarantee gives the supplier financial comfort that the fuel supplied will be paid for and allows them to offer reasonable terms to the purchaser. Traditionally done by the banks, the use of Insurance Guarantees frees up much needed cash flow and gives the purchaser time to pay for the fuel supplied.


One of the major challenges that mining companies face with the Department of Mining Resources (DMR) is ensuring that their Environmental Rehabilitation requirements are met.

Satisfying the above requirements means finding a solution to meet the Mining Rehabilitation Guarantee requirements in a way that does not substantially impact your companies cashflow. There are a variety of options available depending on your company’s particular circumstances. Other Beneficiaries who may require guarantees include Transnet, Eskom and the Fuel Majors.

Renewable energy

The renewable energy sector has seen renewed interest and activity recently. Companies must apply for bid bonds to tender for large-scale projects, and once awarded, the bidder may need Guarantees, which include:

  • Advanced Payment Guarantees
  • Performance Guarantees;
  • Operations and Maintenance Guarantees (O&M)