Legal and Commercial Guarantees: Discover New Opportunities
Do you need a surety bond to operate your business or secure a contract, but have reached your credit limit with your bank? No matter what type of surety bond you’re looking for, we can help you access new options in the insurance market. Our added value: tools that let you manage the issuance of surety bonds entirely on your own. The result: you preserve your credit line with your bank and save time.
The best solution for your legal and contract bonds
Legal or market guarantees that you post with your banks reduce your borrowing capacity. Furthermore, the banking market is becoming increasingly restrictive when it comes to guarantees. As a broker specializing in guarantees, we tap into the market of surety insurers to find the solution you need. This allows you to maintain your borrowing capacity with your banks.
Our position in the French brokerage market allows us to negotiate the best rates for you, even when starting a business.
In addition, insurance companies have implemented management tools that allow you to independently handle the issuance of a large number of surety bonds, thereby saving you a significant amount of time.
Choose a broker specializing in surety bonds who will support you over the long term
For legal surety bonds or long-term surety bonds, renewal can be a challenging process, often resulting in a premium increase. It can also be a delicate situation for newly established companies or when the financial performance is mixed. In every case, we advocate for your interests with the insurance company or bank. We prepare the application with you, stand by your side, and develop the best long-term strategy.
The Different Types of Security Deposits
Among the types of legal bonds, you may need a customs bond, an agri-food bond, a temporary employment bond, or an environmental bond (ICPE guarantee).
Among market bonds (or contractual bonds), we assist you with your bid bonds, performance bonds, advance payment refund bonds, retention bonds, and subcontractor payment bonds.
FAQ: Market Guarantees and Regulatory Guarantees
What is a performance bond?
A contract bond is intended for companies in the construction, structural work, finishing work, manufacturing, and public works sectors to safeguard all their activities. It is not mandatory, but it is very often required when responding to a request for proposals for a public or private contract. This contract bond is a commitment to pay the client or project owner a contractually agreed-upon amount in the event that the contractor fails to fulfill its contractual obligations. It helps secure the business relationship between the client or project owner and the contractor throughout the bidding process.
Who is required to provide a statutory security deposit?
Professionals who handle or collect funds on behalf of third parties (principals, tenants, co-owners, employees of a temporary staffing agency, clients of an auctioneer, etc.) are required to obtain a surety bond in order to conduct their business.