Deposit insurance

Security deposit insurance often cheaper than a bank guarantee

As an entrepreneur, for example in the building trade, in mechanical or plant engineering, you know the situation: Your client demands a security deposit from you, which protects him from financial damage if you do not fulfil the contract or do not fulfil it in accordance with the contract. The model: The insurer guarantees you for the amount of the security deposit and sends your client a guarantee certificate as proof. Surety insurance is usually much cheaper than a bank guarantee from your house bank.

Your company's liquidity is preserved
Your credit line is not affected, you do not need to deposit money, your company's liquidity is not burdened, and as a contractor you are given greater financial leeway. When you take out a guarantee insurance policy, you generally do not have to provide any collateral, but the insurer checks your company's creditworthiness before concluding the contract. The surety insurers in the market offer tailor-made solutions for start-ups as well as for small or medium-sized enterprises.