This insurance guarantees the fulfillment of contractual obligations, serving as financial backing against breaches in contracts, bids, or legal commitments.
It is widely used in public works, concessions, and private agreements.
It replaces the traditional bank guarantee, offering greater financial flexibility.
Its issuance demonstrates the company’s reliability and solvency before third parties.
Benefits
- Backs contractual, judicial, or customs obligations.
- An alternative to traditional bank guarantees
- Improves the company’s financial liquidity.
- Reduces risk in public and private contracting processes.
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