Surety bonds are a relatively new branch in Turkey, whereby the insurer acts as guarantor for the debtor and provides security to the beneficiary specified in the policy. Despite being a new branch, surety bond capacity can be obtained both in the local insurance market and from abroad. There are various types of this branch, and the following sub-types of cover are defined under the general conditions in Turkey:

1. Advance Payment Guarantee: Provides cover against the risk of the party receiving an advance payment in the context of a tender, project or trade in goods and services failing to fulfil its obligations to the beneficiary and the advance payment not being repaid.
2. Manufacturing / Maintenance / Repair Guarantee: In cases where work performance is evaluated after delivery, such as in construction, engineering or machine manufacturing, this provides security against damages arising from workmanship defects after a certain period following delivery.
3. Fidelity Bond: Provides security against the employer suffering damage due to actions such as fraud, embezzlement or misappropriation of funds by employees named in the surety bond.
4. Customs and Court Bond: This is a type of surety bond required from the insured to cover public claims that may arise due to an error in customs clearance, the ability to file a lawsuit, the ability to withdraw goods from customs, or the ability to withdraw goods from customs, where tax offices, customs authorities, and courts are the beneficiaries.
5. Tender Participation (Provisional Guarantee) Guarantee: Provides security against the risk of the insured withdrawing from the tender before its completion, refusing to sign the contract if they win the tender, or failing to provide the guarantees required under the tender.
6. Payment Guarantee: Provides security against non-payment to all subcontractors and workers.
7. Performance Bond: Provides security against the risk of the project owner failing to fulfil their obligations in accordance with the terms specified in the contract. If the insured party fails to fulfil their obligations, the insurer may also arrange for a new contractor to complete the work.
8. Contract Bond: Provides security against the debtor failing to fulfil their obligations arising from the contract as required.
9. Public procurement guarantee: This type of guarantee is unconditional, definitive, original, independent of the insured's obligations, time-bound, and includes payment upon first demand, covering risks that may result in the recording of a surety bond as income in tenders subject to the Public Procurement Law No. 4734 and other relevant legislation. This guarantee is provided within the scope of the attached clauses.
10. Public receivables guarantee: This is a type of guarantee that is unconditional, definitive, original, independent of the insured's liability, perpetual, and includes a payment clause upon first demand, against the risk of the insured failing to pay public receivables pursuant to Law No. 6183 on the Collection Procedures for Public Receivables.