It is common practice for guarantee and surety insurance to be used in the industry and building sectors in machinery and plant engineering.  Small and medium tradesmen can also use guarantee and surety insurance to reduce their credit volume with the bank and create extra capacity for liquidity.

There are always new and diverse providers on the market as well as differing credit processes between providers.  Particularly with large guarantees it’s often worthwhile not just relying on one insurer but instead finding an overall solution involving a few providers.