FINANCIAL INSURANCE AND BONDS

We help business owners who are contractors in public procurement orders to reduce administrative costs and grow their business by not blocking their own capital for guarantees which helps them save their funds and sign more public procurement contracts.

GROW YOUR BUSINESS TO THE NEXT LEVEL!

YOU ARE:

Entrepreneur who wants to grow his business but has difficulties with working capital and cannot rely on financial support from banks or self-financing. Your main goal is not to block funds for ensuring your fulfillment of the agreed obligations to government agencies and municipalities. You want to have freedom to choose and to be sure that you will not encounter financial difficulties due to blocked capital.

YOUR CHALLENGE IS:

You have the opportunity to sign more public procurement contracts, but the guarantees required by the contracting authorities make it difficult for you and sometimes it is impossible to block funds in order to grow your business further. Long guarantee periods and considerable sums slow down your growth and this gives your competitors a chance to take advantage instead of you.

WHAT YOU CURRENTLY NEED MOST OF ALL:

What you currently need most of all is to protect your capital by guaranteeing to the contracting authority using an insurance, and in this way, you will expand your business to the next level by signing more public procurement contracts and having working capital on much more favorable terms than bank guarantees.

WE CAN OFFER YOU:

WE CAN OFFER YOU:

The performance bond is necessary for business owners who participate in public procurement and/or European programs, the guarantee is necessary when signing a contract with a contracting authority, saving valuable time and money of the contractor. Regulated by law, according to Art. 111, para. 5 of the Public Procurement Act.
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ADVANCE PAYMENT BOND

This is an excellent financial instrument that guarantees the contracting authority that the allocated advance funds will be used as intended. The advance payment bond can reach up to 100% of the value of the contract and gives the business the opportunity to grow without blocking its own funds to guarantee its obligations in relation to the contract. Regulated by law according to Art. 111, para. 5 of the Public Procurement Act.
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MAINTENANCE BOND

Do you want to work on more projects and have working capital? If the answer is yes, then this is the financial instrument you need. Maintenance insurance bond allows businesses to breathe and grow without blocking working funds and capital, so business owners can earn more and have a peace of mind for their business. Regulated by law according to Art. 111, para. 5 of the Public Procurement Act.
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CREDIT INSURANCE

Financial risk insurance is a credit insurance that provides all the benefits of credit insurance in a clear and simplified form that will protect your company from the risk of financial loss due to unpaid financial receivables. You get peace of mind and safety for your business and protect cash flow and future receivables.
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INVESTMENT INSURANCE

The insurance coverage includes Bulgarian investments in a foreign country: capital, property, real estates, intangible rights. Risks covered include political and other non-trade risks, i.e.. risks that are not related to the economic or financial situation of the foreign company but arise from political and economic circumstances and measures in the host country or in a third country, which have the quality of force majeure in relation to the investment.
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BANK LOAN AND LETTER OF CREDIT INSURANCE

Obtaining trade financing of companies is extremely important and a very important moment in their activities. The insurance event occurs in case of overdue payment on the principal of the bank loan for a period longer than the waiting period specified in the insurance policy. Covered risk under letters of credit is the risk of non-compliance or refusal by the bank issuing the letter of credit without the right or reason according to the terms and conditions of the letter of credit to accept for fulfillment its obligations to pay the exporter at the respective maturities.
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