Guarantee Insurance

The Surety Bond is insurance that aims to guarantee the faithful fulfillment of an obligation assumed by a party in a bilateral contract. It guarantees an obligation to give (i.e. debtor must deliver an object that is in his possession, transferring ownership to him) or an obligation to do (i.e. debtor must provide a service) or even a financial obligation ( i.e. the payment of a debt). The Guarantee Insurance can be contracted in different modalities according to the obligation to be guaranteed as follows: