The claims of employers regarding the reimbursement of paid deposits and advanced payments towards their contractor will be guaranteed.
The employer renders a deposit to their contractor – to cover for the cost of materials. The risk assumed regarding this deposit paid, for example in the case of contractor insolvency, is what the advanced payment bond guarantees.
For further facts and FAQs about bond insurance read more here.
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For quick decision-takers, check here for prices and insurance amounts, and to take out a policy online. When taking out a policy online we, as your bond insurance broker, will remain continously available to you as advisor and contact partner as long as the scope of the bond exists.
Online policy completion through the VHV for amounts between 10 000 and 2,5 Million Euros