The possible non-payments of the clients constitute one of the main bankruptcy risks of a company, either due to the reduction in the billing, as well as the effect on the Treasury.
This insurance policy is aimed at any company that sells on credit. Guarantees the defaults of the commercial loans that it has in its favor, in case of insolvency of its debtors.
A surety bond is a guarantee of contract compliance. They are analogous to bank guarantees, an entity / person that answers for another and are mandatory in contracts with Public Administrations (construction, cleaning or maintenance services, renovation, etc.)
This product allows us to be covered against this type of risk.
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