Guarantee and surety insurance
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.
We understand the insurer’s requirements with regard to lending and can help you to position your company correctly.
You can rely on us completely to help you find the best partner. As soon as we have found the right one, we’ll assist you with drawing up the contract, starting with specific clauses through to international wording for non-domestic providers.
We can help you to optimise and increase your existing guarantee or surety lines. Additionally, we are on hand with our expertise regarding the structure of specific guarantees such as lease or customs guarantees.
If you’d like to know which guarantee or surety lines are available for your particular situation, you can send a direct inquiry from the household comprehensive insurance here to get an initial indication.
Our areas of expertise
Optimise your risk management and secure your debts against payment defaults.
With the help of purchase financing you can ensure you get early payment discounts and rebates without being constrained by deadlines.
Through trade financing you can secure liquidity for trade and protect yourself against economic and political risks.
Using inventory financing you can convert your tied up capital in inventory into additional liquidity.
As with factoring, you sell your account receivables through forfaiting. Thereby profiting from additional liquidity and protecting you from bad debt.
Longer credit periods for the buyer, faster liquidity for the suppliers – with reverse factoring both profit.
With factoring you can convert your account receivables into direct liquidity and create financial freedom for your company. Additionally, you are protecting yourself against bad debt.
Through leasing, capital goods – from production machinery through to IT systems – are not purchased but instead can be used over time. As there are no purchasing costs, leasing protects the liquidity.
As your business grows so does your financing requirement. We can help you to get additional credit lines from banks.
Not all invoices are paid within the due date – in these situations debt collection companies can help you with the dunning process right through to legal foreclosure.
Trust is good but knowing in advance is better: avoid payment defaults and get credit references and credit worthiness reports about your business partner.
Using capital goods credit insurance, safeguard production risks as well as lengthy credit periods.
With guarantee and surety insurance, the insurer undertakes warranties, guarantees and similar sureties in order to fulfil your liabilities.
Additional Top-up cover helps to avoid shortfalls in credit insurance policies.
Single-buyer credit insurance protects you against the default risk of individual buyers.
The multi-buyer policy is a special type of credit insurance which allows you to insure a selected group of clients.
Protect yourself with retrospective coverage against insolvency disputes.
A lot of business transactions are based on trust. Insure your company against abuse of this trust from personnel or fraudulent internet crime.