Bond Insurances  Manufacturers, Traders, Suppliers

In the case of bonding insurance, the insurer guarantees the agreed risks of the policyholder up to the agreed insured sum. Often it is small and medium-sized companies, but also private individuals, who see this as an interesting alternative to the usual bank guarantees or deposit payments. Of course, before concluding a contract, the insurer also checks what risks exist and what securities there are.Mainly it is the construction industry that concludes such insurance policies. Increasingly, rent deposits are also covered by such insurance, so that the tenant still has the money available. Bond insurance is valid worldwide in most cases and offers the creditor the same security as a guarantee.In comparison to a bank guarantee, it is cheaper in most cases with the same security. It is only applied when actually needed and your own credit or money is not charged. The annual premium that the policyholder has to pay for the surety insurance is between 3% and 6% of the insured value, depending on the risk and type of coverage.