It is one of the forms of securing contractual obligations. Surety insurance secures material interest related to the non-performance or improper performance of the policyholder’s contractual obligations (obligations) and/or parts thereof.
contractual obligations (tenders, performances, prepayments (advance payments)), warranty period;
performance of the tour operator’s obligations.
flexibility to choose from several suppliers (insurers);
prompt and professional service, consulting services;
strengthening and coverage of the insurance portfolio positively correlates with insurance costs;
usually, the amount secured is not deposited, therefore companies can freely dispose of funds.
persons engaged in construction or related activities;
trade companies and companies providing services;
companies importing goods and having a taxation relationship with the customs;
for tour operators.
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