Suretyship exists when one party(the Surety Company) guarantees on behalf of another party(the Principal) the performance of an obligation in favor of the third party (the Obligee). The surety Company undertakes to indemnify the obligee for whatever loss he might suffer if the Principal fails with his obligations.
Stronghold services the surety or bonding needs whether from the private or government sector, individuals, Single Proprietors, Corporations, Cooperatives, and Non-Government Organizations. Name the kind and type of bond and we have it. Stronghold humbly leads the way by good management example and assures presence at all times of responsible officer/s who can decide the acceptability of any desired bond, which can be issued with efficient can count on Stronghold for these services for which it has been known and have passed the test of time.
There are insurance coverage that are required by the government such as the insurance coverage required by the City Government or Department of Trade and Industry (DTI) before issuing a business permit or license. This is a requirement to protect various establishments against financial and legal liabilities that may be caused by damage to another person's property (property damage liability) or injury to another person (bodily injury liability) that may arise from its business operation.
Stronghold offers assurance to business owners through the Comprehensive General Liability (CGL) Insurance Policy that provides coverage against third party property damage and bodily injury. It also covers loss of use as a result of any of the hazards insured against. Stronghold's CGL Policy offers coverage for the Premises-Operations Hazard, Elevator Hazard, Independent Contractor's Hazard, Product Hazards, and Contractual Hazard.
The contractors need to protect their equipment and properties such as heavy mobile and fixed machinery and equipment such as cranes, payloaders, cargo handling equipment, backhoe, graders, forklifts, bulldozers, and the likes. Traders too need to protect the properties trade in transit such as merchandise, personal effects, and equipment as cargo.
Stronghold provides insurance coverage against special risks, which include direct physical loss or damages from an external cause like fire, theft, overturning and collision and malicious damage to the insured's property.
A builder/contractors needs protection to ensure that his project will be completed as planned, otherwise, the survival of his business will be put in jeopardy. The builder/contractor may have the best design, the best equipment and the best people but nature may not be as cooperative. Fire, earthquake, flood and other forces of nature might create that all the resources put into a project may go down the drain. Against this possibility, Stronghold offers the Contractors All Risk Insurance Policy. This Policy will assure the builder/contractor that his project is adequately protected, thus relieving him of the worry that his project might suffer a loss giving him the much needed time to concentrate on better ways to do his job.
The shipping industry is one of the vital cogs in the nation's economic growth and as such it must always be kept vibrant. and one way of doing it is by keeping the industry insulated from worries of financial losses brought by accidents.
Stronghold does it share by providing marine insurance services such as Marine Cargo Insurance, which covers losses of cargoes being transported either by air, land or sea and Marine Hull Insurance, which covers the Ship or Vessel's machinery and equipment. Both the cargo and the vessel can be protected from perils of the sea and other contingencies to ensure that the business of shipping and its allied services run smoothly as ever.
Life is invaluable. You cannot put value to it. The pain of losing a love one in an accident such that no amount of money can ease it. A Personal Accident Insurance Policy cannot bring your love one back bu it can help you in many ways. It can help you recover the economic loss in case of insured's accidental-related medical expenses and helps you start all over again.
Stronghold's Personal Accident Insurance Policy coverage includes permanent disablement, temporary, total/partial disablement and dismemberment and give you an option to include Unprovoked Murder and Assault coverage. Stronghold's Personal Accident Insurance is available for Individuals or groups, Family, Students, and Passengers.
Fire can be deadly. It can ruin your homes and business, it can ruin your life. Stronghold offers protection against loss or damage due to fire and/or lightning with Fire Insurance Policy. It covers your homes and business establishments and helps you get back on your feet again. The coverage can even be extended to include loss or damage due to earthquake, typhoon and/or flood.
Your car is one of your most cherished possessions. You invested so much money in your car that you do not want anything to happen to it. For your piece of mind, Stronghold offers you a Motor Car Insurance Policy, which is appropriate cover to protect your vehicle from physical damage, theft or the high cost of repairs through Private Car, Commercial Vehicle, Motor Trade or Motorcycle Policies. Coverage can also be extended to shield you from legal liability against accident to third party arising out of the use of your vehicle.
