Insurance guarantees are formal undertakings to fulfil the payment of another entity’s debt or perform their obligation if they default. More flexible and cost-effective than traditional bank guarantees, they assist clients to raise off-balance sheet financial facilities and secure contracts more readily (allowing them to decrease their collateral requirements or increase their working capital).
Our specialist Trade & Construction Guarantees team focuses on addressing the risks of non-delivery, non-performance and non-payment in the construction and logistics and clearing and freight forwarding (trade) industries.
Trade guarantees typically include:
Construction guarantees cater to the full spectrum of building needs, including: