Suretyship Insurance


For who is
Suretyship Insurance?

Suretyship insurance is an exclusive service of an insurance company that ensures the fulfillment of the client's contractual obligations. Under the suretyship insurance contract, the Insurer indemnifies the Beneficiary for direct losses due to non-performance or improper performance of the Policyholder's obligations in accordance with the terms and conditions of the Tender conducted by the Beneficiary or the Contract.

Why it is useful to insure with us?


Individuality
We will provide professional suretyship insurance services, taking into account your individual needs and the conditions set by the Beneficiary.
Legal aid
We will provide professional legal assistance and consultation during the conclusion of the insurance contract and in the event of an event.
Integrated services
After evaluating the scope of your project, we will offer complex insurance service solutions

Why it is useful to insure with us?

Insurance options

Consult with our experts and we will help you choose the right one


Offer guarantee insurance

Insured events:

  • Withdrawal of the Insured's offer during the period of its validity specified in the tender conditions;
  • Avoidance or refusal of the Policyholder to sign the contract in accordance with the tender conditions and instructions to the tender participants, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions;
  • Avoidance or refusal of the Policyholder to submit a performance guarantee letter or a bank guarantee in accordance with the tender conditions, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions;
  • The Policyholder's disagreement with the adjustment of the offer price according to the tender conditions, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions.
Performance guarantee insurance

Insured events:

  • Non-compliance of the works performed or services provided by the Insured, delivered goods with the requirements specified in the Contract;
  • Violation of the terms of performance of obligations established in the Policyholder's contract and secured by the insurance contract, except for the cases when these terms were violated not due to the fault of the Policyholder;
  • Unlawful refusal to continue to perform contractual obligations secured by an insurance contract.
Prepayment guarantee insurance

Insured events:

  • In the case of prepayment guarantee insurance, the insured event is considered to be the basis of the contract for the advance payment paid to the Policyholder and not returned to the Beneficiary due to the fact that it was not used for the purpose provided for in the contract.
Warranty period warranty insurance

Insured events:

  • In the case of warranty period suretyship insurance, the insured event is the non-performance of the obligations of the Policyholder during the warranty period provided for in the contract.

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