FAQs
Frequently Asked Questions
Everything you need to know. We have assembled the answers to a selection of the most common questions which we have received.
1How do I obtain a quotation from CHJ Management?
A – Simply fill in our Enquiry Form on our website and return it to us with the Clients Latest Audited Accounts and the Latest Audited Accounts for any Parent / Associate Companies. If these Audited Accounts are over 6 Months old, please also provide us with their latest Management Accounts, no more than 6 Months old. Please also provide us with a copy of the Licence.
2Once we have received a quotation, can we discuss it?
A – Yes – we encourage you to do so. As this is Surety and not Insurance, the most important part is the Security
to back up the Bond from the Haulage Company / Passenger Vehicle Company.
3Are CHJ Management FCA regulated?
A – Yes. We are Mark Kaye & Associates Limited t/as CHJ Management and our FCA Number is 315038.
4Are CHJ Management the Bond Provider / Surety?
A – No – CHJ are a Marketing Company for International providers of industry standard and bespoke Surety Bonds & Guarantees.
5Are CHJ Management an Insurance Broker?
A – No - CHJ Management are a Marketing Company for the Surety Industry. We do operate separate designated Client Money Accounts. We do not give advice.
6What is a Bond and what does it provide?
A – Providing a Bond as part of a contractual agreement gives comfort to the acceptor / beneficiary. It is Surety and not Insurance. The Surety will require back Up Security to support the Bond. The Bond is a tripartite Agreement between Client (Haulage Company / Passenger Vehicle Company), Surety and Beneficiary.
7Will this Bond assist with my Financial Standing Requirements?
A – Yes and the requirement will depend on the Number of Vehicles your Company operates. The Bond was specifically designed to assist with the Financial Standing Requirement, in order for you the Haulage Company / Passenger Vehicle Company to satisfy this requirement needed for obtaining your Operators Licence.
8Does this Bond apply to Passenger Vehicles as well as for Haulage Companies?
A – Yes.
9Will the Bond Fee be Annual and be payable upfront?
A – The Financial Standing is required to be in place for the duration of the licence. The bond fee for the first year is charged at the outset of the bond placement with a minimal annual renewal.
10Can the Bond cover Multiple Claims?
A – Yes up to 3 Claims in any year.
There are many questions that might be added to this list, CHJ Management have many years of experience in answering questions about bonds and guarantees, the fast track to finding out what you need to know, is to submit a live bond enquiry. This can be achieved by fully completing our enquiry form, either online or by downloading. One of our professional team will deal directly with your request. Should we require any further information we will of course contact you.
Want to know more?
Get in touch with our friendly team to find out how OLSB could hep your business.
