About TGS

Who we are

Trade Guaranty + Surety Limited (TGS) is a commercial surety bond provider operating across Australia and New Zealand. TGS underwrites retention bonds for subcontractors in the construction sector, helping contractors release tied-up retention capital through commercial surety undertakings.

How we distribute

TGS accepts applications directly from New Zealand contractors, and also works with authorised brokers for contractors who already have a broker relationship. There is no requirement to go through a broker to apply for a TGS bond in New Zealand.

Our approach

Every TGS bond is backed by a credit assessment of the contractor, director personal indemnities from all company directors, and — where the credit assessment requires it — property-backed security. TGS underwrites creditworthiness as a secured lender. We do not issue bonds speculatively.

All TGS bonds are reinsured, providing security of payment to Beneficiaries for the life of each bond.

Legal and regulatory

TGS products are commercial surety undertakings, not insurance.

TGS is a New Zealand-based commercial surety provider.