Guarantee insurance provides insurance coverage against the risk of peccant non-performance of contractual relations between the insured and the beneficiary or by the relevant legislation, which gives rise to obligations for payment of the guaranteed amounts in favor of the beneficiary.
Depending on the nature of the guarantee obligation of the insured, the insurance coverage could vary as follows:
The guarantees previsioned and their percentages shall be indicated in the notice announcing the opening of the procedure, in the invitation to confirm interest, in the invitation to participate in negotiations or in the notice.
Unlike other types of insurance, Guarantee Insurance is a tripartite contract with the following parties:
The coverage is valid only on the territory of the Republic of Bulgaria.
You can contact us at 0700 16 406 or take advantage of a personal consultation with our specialists. DallBogg also works with a number of contractual partners across the country.
Contact us at 0700 16 406 for more information or visit our office.