credit crunch

[BlueSkyNick]

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Nobody had even considered a bail out.

[/ QUOTE ] .... let alone floating the company.

 

[Sailfree]

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Do you have any suggestions of an insurance company who would take on such a risk?

[/ QUOTE ]

A Bank Bond is a standard part of a banks business and as I stated regularly used in construction contracts. When I have used them I have used the companies bank. It is a bond against completion of a contract and as such is an insurance. For a boat I would imagine that an independant surveyor would need to certify that the boat has been delivered in a satisfactory condition to discharge the bond.