In purchasing the performance bond guarantee from the insurer, you would also have signed and agreed to a set of terms and conditions. The current terms and conditions of the performance bond guarantee in the bond contracts of AIG and Liberty require you to pay a sum of up to $6,000 back to the insurer when the embassy demands it.

If you, as the employer, fail to repay the sum to the insurer, the insurer could take legal proceedings against you. Therefore, employers purchasing the Indonesian Embassy performance bond guarantee must ensure that they have the means to repay a sum of up to $6,000 to the insurer.

This information is sourced from MOM