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OUR SERVICES

Bonds and surety

Welcome to our surety bond section. As an MGA, we partner with brokers and insurance agencies to offer tailored solutions to their clients.
Learn more about our surety bond services and how we can help you ensure the safety and peace of mind of your clients.

What are Bonds?

Surety bonds are a form of financial guarantee intended to ensure the fulfillment of a contractual or legal obligation.
The entity providing the surety bond, known as the guarantor, is commetted to pay a sum of money in the event that the surety bond beneficiary, known as the Surety company, defaults on their obligations.

Surety, In Touch With Tomorrow

Advantages

Advantages of insurance guarantees .
Unlike bank guarantees, insurance guarantees do not lock in capital and leave the company's resources free.

Issuing an insurance guarantee does not require reporting to the Central Risk Office or affect bank credit lines ; the costs of the guarantees are not related to the cost of money and are not included in interest expense, contributing to the improvement of financial ratios and the balance sheet score.

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Custom-made products for

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Public Procurement

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Private Procurement

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Environmental Guarantees

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VAT Guarantees

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Customs Bond

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Other Generic Guarantees

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Public Procurement

Bid Bond

The “Bid bond” is required by the Public Entity (Contracting Authority/Beneficiary) from each Company intending to participate in a tender.It aims to guarantee the beneficiary of the quality of the offer. The amount of the deposit is generally set at 2% of the starting bid price.

Performance Bond

The company that wins a contract must present the beneficiary with a "final bond" to guarantee all obligations assumed upon signing the contract.The amount of the guarantee is determined as a percentage of the contract value, as required by the Public Procurement Code.

Advance Payment Guarantee

The company that has signed a public procurement contract can request an advance payment of up to 30% of the contract value. The advance is subject to the submission of a surety bond of the same amount. The guarantee covers the return of the advance in the event that the company fails to fulfill its contractual obligations.

Warranty Bond

Once the activities envisaged in the contract have been completed, the company can request payment of the final portion of the contract price by submitting a further guarantee for the final instalment.

Private Procurement

Similarly to what is required by public counterparts for public procurement, we can support Companies with their guarantee needs in favor of private entities (beneficiaries):

Perfomance Bond

Advance Payments

Manteinance Guarantee

Environmental guarantees

Cross-border shipment of waste

To support companies that transport waste across national borders and to benefit the Ministry for Ecological Transition.

Registration for the waste disposal register

Upon registration in the Register, it is necessary to submit a specific guarantee to the Ministry of Ecological Transition based on the volume and type of waste treated.

Waste Disposal Bond

These are mandatory financial guarantees for companies operating in the waste management sector. These guarantees ensure that companies comply with environmental regulations and cover any damage caused during facility management activities.

VAT Guarantees

VAT Guarantee

Taxpayers who, upon filing their annual or quarterly VAT return, find themselves owed money by the Revenue Agency may request and obtain early reimbursement of this credit by providing a guarantee of the same amount through a surety bond.

Customs Bond

All entities carrying out customs operations, such as deferring the payment of related duties and excise duties, temporarily importing goods, or operating a customs warehouse, must submit specific policies to the Customs Agencies.

Other generic guarantees

We can support companies with all their bond requests, tailoring them to their individual needs, for example:

Urbanization Bond

Bonds for prize competitions

Advance payment of national or community contributions

Bonds for the construction, operation, and decommissioning of renewable energy plants

Bonds for site restoration and quarry exploitation

Payments Bond

If you have any questions, please contact us. We are here to help!

For more information about our bail services, please do not hesitate to contact us. Our team of experts is available to answer all your questions and provide you with the assistance you need.

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