Guarantee Insurance is a specialized financial security solution, which can replace traditional bank letters of guarantee, while enhancing the liquidity of the company. It provides cover for contractual obligations to public bodies or private companies, such as performance guarantees, participation in tenders, advance payments or contract performance.
With flexible terms and competitive limits, this solution allows the company to respond immediately to project and procurement requirements without tying up capital or bank lines. It adapts to the needs of each sector, helping to improve creditworthiness, facilitate partnerships and ensure continuity of corporate contracts.
Maxima Insurance offers independent evaluation of available plans, guidance in setting limits and full support in the issuance process, so that the business can operate with speed, reliability and high competitiveness.
Guarantee Insurance is a specialised financial risk management tool designed to replace traditional bank letters of guarantee and support the financial stability and liquidity of businesses.
It provides coverage against contractual obligations arising from collaborations with public bodies and private companies, including, but not limited to, guarantees of participation in tenders, performance, advances, and good functioning. The structure of the cover shall be adapted to the specificities of each activity and sector.
Through flexible terms and competitive insurance limits, guarantee insurance facilitates immediate response to project and procurement requirements, without tying up funds or burdening bank lines. At the same time, it helps to improve the company’s credit image and enhance its credibility vis-à-vis counterparties.
Maxima Insurance, as an independent insurance intermediary, provides in-depth assessment of available insurance plans, support in setting appropriate limits and integrated management of the underwriting process, ensuring efficiency, consistency and compliance with contractual requirements.
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Frequently Asked Questions
Find answers to key questions about the plan and get information before you choose the coverage that’s right for you.
An insurance guarantee is an independent financial commitment of payment by the insurance company to a third party (beneficiary), ensuring the proper performance of the company’s contractual obligations.
It is not a classic damage insurance, but a guarantee tool.
The insurance guarantee does not tie up bank credit lines, allowing the company to maintain its financial flexibility.
In addition:
- cash collateral is not usually required
- does not burden existing bank limits
- supports the optimal management of working capital
The use of insurance guarantees:
- enhances liquidity (liquidity)
- optimises working capital
- allows the parallel use of bank financing
- facilitates participation in multiple projects or contracts
It is a flexible financial management tool.
They are used in cases of securing contractual obligations, such as:
- participation in tenders (bid bonds)
- execution of projects (performance bonds)
- advance payment bonds (advance payment bonds)
- supply and service contracts
The insurer assesses the solvency of the company and approves a guarantee limit.Once approved, issuances are made with speed and flexibility.