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.

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.