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Contract Guarantee Insurance

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CONTRACT GUARANTEE INSURANCE

Securing a buyer with a financial collateral for the execution of a contract can be difficult for your company. Working capital that can be used to grow the company’s business and finance other contracts is blocked. Contract guarantees are a solution to this problem. The guarantee for companies that join a tender or apply for a contract is a written commitment of the insurer to pay a certain amount to the beneficiary of the guarantee in case the contractor fails to fulfill his duties and obligations to the beneficiary of the guarantee. We offer Contract Guarantees for small, medium and large enterprises operating in various industries – including pharmaceuticals, construction companies, etc.

WHAT ARE THE BENEFITS?

  • Improved liquidity – you can compete in many tenders at the same time and grow your business.
  • Greater trust with business partners.

WHAT DOES IT COVER?

  • Fulfillment of the obligations of the procurement contract signed between the parties in accordance with the tender documentation.
  • Return of any monetary value paid in case of execution of the guarantee.

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