Construction guarantee insurance provides the client with financial protection when the contractor fails to fulfil obligations, delays work or does not meet quality requirements.
These guarantees are an essential requirement in both public procurement and private construction projects.
Insurance covers risks related to construction. We also recommend property insurance and civil liability insurance for your construction defects, non-compliant work, or contract violations. It provides the client with financial protection and the builder with a stable foundation for cooperation.
Construction guarantee insurance is often a mandatory condition for participating in state and municipal projects. It confirms the company's professionalism and ability to take responsibility.
The policy replaces the need to freeze available funds as collateral. This allows the company to maintain cash flow and freely invest in other projects.
Insurance serves as a trust guarantor, ensuring that any potential claims are covered promptly and professionally. This strengthens long-term relationships and project quality.
A construction company received an €80,000 advance for facade renovation but did not start work due to material problems. The client activated the insurance and recovered the full amount. Without insurance, they would have had to wait or litigate, risking the project. Insurance ensured quick fund recovery and the engagement of a new partner.
A company paid a 30% advance for office interior finishing: €22,000. The contractor started but soon abandoned the site, citing labour shortages. Insurance covered the unfulfilled amount, allowing the client to engage another team without losses and complete the reconstruction on time.
A company ordered the reconstruction of an industrial warehouse and paid €55,000 in advance. The builder failed to meet the schedule and could not continue work. Insurance ensured fund recovery, whereas without insurance the company risked being left with neither money nor a completed warehouse, which would have paralysed operations.
After building handover, the client discovered that the thermal insulation in some areas could not withstand temperature fluctuations. The guarantee policy covered damage repair costs of around €12,000, allowing the builder to make necessary corrections without lengthy legal proceedings.
Fill out the application form. It will only take a few minutes
We process your request and send you offers to choose from
You can pay for the selected policy using the convenient payment system
After payment, the policy will be sent to your email. Everything is done remotely
It typically includes a work performance guarantee, advance payment guarantee, warranty period (defect) remediation guarantee, and other types of contractual obligation coverage.
They protect the client against the risk that work will not be completed on time, will be of poor quality, or the advance payment will be used improperly.
Typically 5 - 10% of the contract value, for advance payment guarantees: 10 - 30%, depending on contract and procurement requirements.
In simple cases: within 1 business day. For large projects or substantial guarantees, 1 - 3 business days may be needed.
Often yes. insurer guarantees are usually cheaper and faster to arrange, and the company's funds are not blocked.
Yes, our services are free. We receive compensation from the insurers.
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