Warranty Insurance

SIGURIA IC

Warranty Insurance

Guarantee Offer

The guarantee of the bidding party for the submission of the insured’s bid to the Contracting Authority guarantees the integrity of the company that if it wins the bid, then it will enter into the contract.

Advance Payment Guarantee (Advance)

Any firm may receive an advance payment from the Contracting Authority for the implementation of the contract and for any amount paid to the contractor, this authority requires a guarantee.

Contract Guarantee (Execution)

A product necessary for the parties participating in a certain contract, the breach of which leads to the emergence of various obligations.

Customs Guarantee

The company guarantees the integrity of the natural/legal person towards the customs authority in accordance with the laws and regulations the authority requires for granting a license/permit to exercise the activity of Customs Warehouse and Customs Agency.

Public Liability Insurance

This insurance is offered to cover the insured against bodily and property damage caused to third parties through production, construction and user activities on their premises. The rates for this type of insurance depend on the activity, work process, turnover, compensation ceiling, etc.

Professional Liability Insurance

This insurance is offered to cover the insured in the event of damage they cause to the health or property of third parties while exercising their professional activity or while advising third parties.

Architects and engineers

Real estate appraisers

Lawyers

Notaries

Insurance agents and investment advisors

New professions that include advertising consultants, information technology businesses, media and telecommunications businesses, aromatherapy, reflexologists, fitness consultants, private trainers and other similar professions.

Frequently Asked Questions

Guarantee insurance from SIGURIA provides an important security for the protection of contracts and agreements, guaranteeing their fulfillment according to the agreed terms. This protection helps companies and individuals have confidence in the implementation of major projects and eliminates the risks that may arise from the non-implementation of contracts.

SIGURIA offers several types of guarantees:
• Bid Guarantee: Ensures that the company submitting a bid will enter into the contract if declared the winner. • Performance Guarantee: Ensures full implementation of the contract in accordance with its terms, protecting the participating parties from breaches or delays. • Advance Payment Guarantee: Ensures that the contractor will use the funds received in advance for the intended purpose and in accordance with the contract. • Customs Guarantee: Ensures compliance with customs laws and regulations of the authorities for warehouses and customs agencies.

Contract guarantee is provided by signing it with SIGURIA, where the contractor receives financial protection in the event of failure to meet the terms of the contract. The procedure for requesting this coverage includes completing the necessary documentation and entering into an agreement with SIGURIA for the requested guarantee.

SECURITY ensures compliance with customs regulations and relevant laws, in accordance with the country's legal framework.

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