Surety Insurance
Bid and performance bonds are intended to safeguard, compensate for or ensure the fulfillment of the obligations, undertaken by a contractor and resulting from entering into a contract with the government. This insurance corresponds to first-demand surety insurance as indicated in the final paragraph of article 583 of the Commercial Code.
Policies
Surety Insurance
Bid and performance bonds are intended to safeguard, compensate for or ensure the fulfillment of the obligations, undertaken by a contractor and resulting from entering into a contract with the government. This insurance corresponds to first-demand surety insurance as indicated in the final paragraph of article 583 of the Commercial Code.
Policies
- Performance bond policy
- Bid bond policy
- 100% online.
- Low cost.
- No tie-up of capital.
- Online payment.
- No counter-guarantees required.
- Limit of insured sum: UF 150.
- Short policy terms: 90 days on average, 120 days maximum.
- Payable at sight and irrevocable.
- Limit of insured sum: UF 250.
- Intermediate policy terms: 12-24 months. 24 months maximum.
- Payable at sight and irrevocable.
- 100% online.
- Low cost.
- No tie-up of capital.
- Online payment.
- No counter-guarantees required.
- Limit of insured sum: UF 150.
- Short policy terms: 90 days on average, 120 days maximum.
- Payable at sight and irrevocable.
- Limit of insured sum: UF 250.
- Intermediate policy terms: 12-24 months. 24 months maximum.
- Payable at sight and irrevocable.
