Surety Bond Insurance is a financial product where the insurance company acts as a guarantor to the creditor in case the debtor fails to meet their obligations. It can be used as an alternative to guarantee letters and is applicable in a wide range of areas, from tenders to commercial contracts.
Advantages:
Financial Security: If the debtor fails to pay the debt, the insurance company pays the creditor up to the bond amount.
Credit Limit Protection: The insured's credit limits remain unaffected, providing financial flexibility.
Legal Protection: Covers risks arising from tender and contractual obligations.
Applications:
Temporary Tender Bond: Provides security against financial losses that may occur during the tender process.
Performance Bond: Comes into play if contract terms are not fulfilled.
Advance and Payment Bond: Ensures the proper use of received payments.
Surety bond insurance plays a crucial role in minimizing financial risks and securing business processes.
Nenehatun Street No:106, Gaziosmanpaşa / Ankara
GWI Sigorta is a 
organization.
