• Beneficiary (Insured Party)

  • Policyholder

  • Contract

  • Insurance Premium

  • Surety Bond

  • Issue of the Guarantee

  • Insurance Company

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FEATURES OF THE OPERATION

Our surety bond insurance provides companies with the guarantees they need to provide when entering into contracts with public and private entities. In such operations, ABARCA SEGUROS is the insurer, the client is the policyholder and the beneficiary of the guarantee provided is the insured party. In the event of failure to comply with the terms of the policy, the insurer indemnifies the insured party up to the insured amount, which is then reimbursed by the policyholder.

ADVANTAGES OF SURETY BONDS

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Issue of policies
IN LESS THAN 24 HOURS

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FREE
financial study

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Certification by all
DEPOSIT OFFICES

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OVER 20 YEARS
in the surety bond sector

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Our Company has
a B+ RATING

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NO NEED FOR REGISTRATION
with CIRBE

ABARCA SEGUROS
We deal
with all types of Surety
Bonds

WE OFFER
TAILOR-MADE SOLUTIONS

Contact us for more information!!

PROVISIONALS AND DEFINITIVES

Provisional: Companies that wish to offer their services in tenders for the provision of public services need to present a surety bond to guarantee effective compliance with the terms of the offer presented to the authorities.

Definitive: Guaranteeing compliance with the contractual obligations of the party executing the works or providing the service.

ENVIROMENT REMEDIATION

Guaranteeing that the land where quarries or mines are located is restored to its original state following the works in accordance with the parameters established in the corresponding remediation plan.

INHERITANCES AND INHERITANCE TAXES

SECURITY

Covering administrative liability due to breaches of private security regulations resulting from the company’s activities.

RENEWABLE ENERGIES

Guaranteeing the construction and correct operation of power generation plants.

TEMPORARY EMPLOYMENT AGENCIES

Guaranteeing payment of debts due to salaries and social security payments accruing in relation to the activities of temporary employment agencies.

JUDICIAL

Guaranteeing the reversibility of the economic consequences of non-final judicial proceedings.

SPECIAL TAXES

Covering liability for obligations deriving from intra-Community movement of products. Presentation before tax authorities.

CUSTOMS AND IMPORTS

Covering payment of tariffs and fines deriving from the activities of customs agents, importers and joint ventures.

ADVANCE PAYMENTS

Guaranteeing repayment upon the established terms of amounts received prior to execution of works to cover purchase of materials, installations and equipment.

TAX DEFERMENT

Covering payment of amounts established in the instalment regime agreed with the beneficiary.

CONCESSIONS

Awards of concessions require performance bonds to ensure that the operator complies with all the terms and conditions established in the concession contract.

BETWEEN PRIVATE INDIVIDUALS

Between private individuals.