With the help of a security guarantee you can ensure that within the guarantee period a guarantor will vouch for costs arising out of the remedy of defects in the case of a company whose services rendered declares insolvency during the guarantee period. Not only in one’s personal life do contracts need to be adhered to, but also in business. Special attention needs to be paid to business contracts, because to reneg can quickly lead to existential problems for one’s contractual partners. The security guarantee protects you in the case of a contractor’s negligence resulting in deficiencies in the work provided. In such a situation, the employer, depending on the corresponding agreement, has the possibility of deducting a specific percentage of the contractual amount as guarantee.
We consider the core of our service competency to be warranties, performance bonds, advance payment bonds, along with other guarantees, such as tender guarantees, construction worker backup guarantees, and claim for defects guarantees. Our 25 years of experience in bond insurance is reflected in the satisfaction of our customers. Also, in relation to your credit managment and communications with bond insurers, credit insurers and credit agencies we will happily advise you!
We are your trustworthy contact person for all contractual issues surrounding guarantees which your business has. The service that we offer includes that we stand by your business’s side continuously. Thereby, we support or can assume your sureties management and, if you wish, will supplement it with alternative guarantees, such as warranties, advance payment bonds and others. We will also gladly organize your guarantees yearly to ensure that they remain market-conform.
For further facts and FAQs about bond insurance read more here
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.
How we operate:
First, we will analyse your problem area through a personal conversation and will then optimize the status quo with your current partners. We will then determine if a new aspect of trade credit insurance in your case makes sense. With that, points such as terms, scopes, tranches and security deposits are important for us. A lot of sureties by the insurers are possible without securities.
Additionally, we will comprehensively analyse, if desired, the credit management process of your business and, together with you, will optimize it.
What sets us apart from the rest:
With Dreilich Finance you will always have ONE experienced counterpart by your side in all that matters. We are the perfect partner to guide, optimize and placement of security guarantees.
Learn more about our consulting services here.
We are your trustworthy broker for security guarantees
Nowadays, most employers try to keep their risk as low as possible and take great care with regards to security guarantees. The security deposit can, through the surrender of a performance bond, be replaced. By delivering the guarantee certificate, the contractor can clear the agreed upon security deposit with the employer and demand payment in full. The performance bond secures employer’s demands against claims for defects after the work is finished. We, as trade credit insurance brokers, focused on security guarantees, will help you make the right decisions so that you save money, increase your payment reserves, and strengthen your competitive advantage. Get in touch with us and let us guide you.