Credit Insurance offers protection to the business against the insolvency of its customers – buyers.
Arranging payments is a daily concern in any business. Even with the best organization, the most advanced systems and the most informative information, one can not be sure of the results. Significant precariousness can affect a company’s annual results, burden its balance sheet and sometimes even threaten its viability – and is one of the most common causes of business bankruptcy.
Surety Bonds, through the issuance of letters of guarantee by the Insurer, guarantees the fulfillment of a variety of obligations from construction or service contracts, to the usual operations of commercial enterprises. Almost any sale, service or agreement can be secured through the issuance of a Guarantee Insurance Contract.
Guarantee Insurance is a tripartite agreement under which the first party (Guarantor) is liable to the second party (Beneficiary) to cover the loss that may arise from the inability of the third party (Insurance Borrower) to fulfill the terms and conditions of a specific contract. of the Beneficiary and the Insurance Recipient.
With reliability, innovation and interest, we create unique insurance programs on the market, exclusively for you and your needs, ensuring a better tomorrow for those you love the most.
Having excellent cooperation with the entire insurance market, we combine the existing programs on a case by case basis, finding the best solutions for you but also the most ideal insurance coverage overall for all your needs.
We stay by your side 24/7, with respect, immediacy, guidance, consistency and care. In both the easy and the difficult we walk together, we protect everything that is important to you and we help you make your dreams true.
Yes. Now the insurance market can offer letters of guarantee. A key advantage in this case is that no capital commitment is required as is the case with banking institutions.
No. The total turnover that includes all the credited customers of the company must be secured.
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