Surety Bond

Surety is the Satec Underwriting business line dedicated to underwriting Bonds and Sureties for companies and professionals. Our priority is to provide our partners and customers with concrete solutions and immediate answers to any request.

Client Profile

The target is represented by Companies operating in different industries where bonds are required, and which respect the following requirements:

  • Companies located in Italy, the Vatican City and the Republic of San Marino.
  • For risks located in countries other than those indicated, the coverage is valid only if they refer to interests belonging to customers resident in the aforementioned territories
  • Companies with a solid financial position
  • Companies with multiline coverage requirements

Coverages

Insurance coverages can be summarized in the following product types:

  • Contract guarantees for tenders (public and private)
  • Contract guarantees assimilated to tenders
  • Guarantees for Customs’ Rights
  • Guarantees for early repayment of the V.A.T.
  • Various ministerial authorizations

In the context of the Surety relating to the Environmental Sector we write:

  • Enrolment in the environmental managers register (ANGA)
  • Cross-border shipment of waste
  • Sureties for waste storage and waste management systems