In our country a range of activities and/or professions are ruled by state and private institutions (state control organs, professional colleges, corporate organizations, etc.) which ask for a guarantee in order to cover penalties and sanctions expected during the development of their business.
Some examples of these are the Directors and Managers of Corporations/Inc. and LLC Bonds, as well as Tourist Agencies, Auctioneers, Customs Importers and Exporters Bonds, among others.
The Surety Bond Insurance is the best alternative to meet those requirements because of its easy contracting process and the low cost.
- Information about the obligation to be guaranteed
It refers to the regime or rule where the required guarantee arises from, if known.
- Information about the contracting party
According to the risk to be covered, only the CUIT (Tax ID number) may be asked for to verify credit precendents, or the presentation of the last financial statements and/or the annual turnover (last 12 months).
- Additional Information (Consult)
So as to evaluate the risk under the process of being guaranteed, in some cases, some additional information may be requested on the obligation to be guaranteed or on the contrating party / taker of the insurance.