Guarantee and Surety Insurance | Zurich Switzerland

Guarantees and Warranties

Zurich as guarantor for your business: Are clients, business partners or government bodies demanding a guarantee or other security from your company? Zurich Guarantee and Surety Insurance prevents liquidity shortfalls and builds trust between business partners.

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Benefits at a glance

Zurich offers insurance for various guarantees and warranties
With a solution from Zurich, you ease your credit line with banks to give yourself more financial freedom

Zurich works with you to develop a completely customized solution
Contractor’s liability can be taken out online

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More details

Whether contractor’s liability or suretyship: Zurich Guarantee and Surety Insurance offers a range of options that can be tailored to your specific circumstances.

The premium for your guarantee and surety insurance is calculated based on the guarantee amount, the duration of the insurance benefit and your company’s credit rating.

Zurich guarantees advance payment that your company receives from your client
If your company is unable to fulfill its contractual requirements, Zurich serves as guarantor for the reimbursement of these advance payments

If your company does not complete work according to contract, Zurich acts as guarantor toward your client

Zurich guarantees the costs of resolving latent defects that arise only after the work has been accepted, when your company is no longer able to do so
By taking out a work guarantee, your company will be repaid the amount held back for this purpose (usually 5% to 10% of the building sum)

The law states that HR agencies must pay a surety to be used to remunerate their employees in the event of insolvency
Zurich is a key partner for many companies in this sector

Customs bonds allow for faster and thus cheaper customs clearance processes
Zurich serves as guarantor toward the Swiss Directorate General of Customs for the timely settlement of your unpaid customs liabilities