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Insurance guarantees

Protection in business relations

Useful for tenders and during and after contract performance
Insurance guarantees

Why use insurance guarantees 

Your benefits 
  •  
  • PImproved liquidity
  • Greater credibility with business partners
  • No loss of cash deposit in case of counterparty’s bankruptcy 

What types of insurance guarantees does Allianz offer?

If you regularly use insurance guarantees in your business (e.g. several times a month), we recommend that you conclude a guarantee agreement with a revolving credit facility. 

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Insurance guarantees

Tender guarantee (security)
Contract performance guarantee
Guarantee of proper removal of defects and faults
Advance payment refund guarantee

Are you interested in our products?

Proven solutions for your company

You have great goals, unique talents and the courage to put your plans into action. The build-up phase also puts you in front of many new tasks, making time more precious than ever
Because pressing issues such as financial planning, business registration, appointments with the tax consultant and the first measures to implement the business idea you take advantage of
Allianz supports you exactly here: by choosing a suitable product for you, you have the peace of mind

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Frequently asked questions about insurance guarantees 

We have developed our insurance guarantees for businesses which:

  • have been on the market for at least 3 years,
  • take part in tenders requiring a deposit,
  • are obliged to lodge a security in connection with performed contracts.

The condition for granting a guarantee is a positive risk assessment outcome. We do this on the basis of forms submitted by the client and required documents.

  • You fill in the application for a contract guarantee and the “Information on economic operator” form.
  • You send us the completed forms together with the documents indicated in the application as attachments.
  • We analyse the information and documents received and then, on the basis of a risk assessment, decide on the conditions of granting the guarantee.
  • Upon acceptance of the offer, we enter into an agreement with you, based on which we provide a guarantee.
  • You establish the security specified in the guarantee agreement and pay the guarantee premium.
  • We issue a guarantee document.
We establish security due to the fact that we can make a recourse claim against the client who applies for an insurance guarantee. This possibility results from the general terms and conditions of insurance guarantees.

In accordance with the general terms and conditions of insurance guarantees, a security is established for each insurance guarantee. The type of the security depends on the economic and financial situation of the client and the risk assessment of the given transaction. Most contracts are secured only with a blank promissory note issued by the client.

Other types of security we accept include: surety by another business entity, blocking of funds on a bank account, cash deposit, bank counter guarantee.

A guarantee agreement with a revolving credit facility is a general agreement between you and us. The agreement defines the basic conditions of cooperation, including, among others:

  • the amount of the revolving credit facility based on which guarantees may be granted (the total amount of active guarantees granted to the Client may not exceed the credit facility),
  • price conditions,
  • types of guarantees available,
  • maximum duration of the guarantee,
  • the form and type of security submitted by the Client for possible recourse claims by Allianz in the event of payouts under the guarantee.

A guarantee agreement with a revolving credit facility will be useful primarily for customers who regularly use insurance guarantees in the course of their business (e.g. several times a month).

The advantages of engaging in cooperation on the basis of a guarantee agreement with a revolving credit facility are:

  • predefined terms of cooperation,
  • simplified guarantee procedure (guarantee granted on the basis of a summary application and documents relating to the secured contract),
  • accelerated issue of guarantees,
  • convenience - security is established once at the start of the cooperation.

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In our archive you will find, among others, forms to help you submit an order, general T&Cs of insurance and documents related to investment funds.
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This material is for informational purposes only, it is intended to provide a general outline of the nature and scope of the aforementioned insurance and does not constitute an offer within the definition of Article 66 § 1 of the Civil Code. The detailed scope and terms and conditions of the abovementioned insurance are regulated by the general terms and conditions of insurance with attachments (available in the Documents for Insurance tab), in which you will find provisions concerning, among others, premiums, scope of insurance, limitations and exclusions of liability of TUIR Allianz Polska S.A.  and the conditions of payouts and rules for calculating insurance benefits.