Have you ever heard of Sure. You know what it's like? In this article we make it clear to you.
Supply insurance
It's a kind of insurance that has as its main objective to ensure compliance with economic or contractual obligations assumed by one of the parties (a strong call) in front of another party (a call beneficiary). It acts like a guarantee which protects the beneficiary in the event that the secured person does not meet its commitments.
We therefore have three parties involved:
1. Shaved
It is the person or entity that contracts the security and assumes an economic or contractual obligation (e.g. payment of a debt, execution of a work, etc.).
The strong, through the security, can meet your commitments without blocking capitalas it does not need to freeze a sum of money as a guarantee (as in the case of a bank deposit).
2. Beneficiary
It is the person or entity that receives the security of the security and will be compensated in case of non-compliance on the part of the firm.
The beneficiary obtains a additional guarantee of compliance by the secured person, which reduces risk and ensures compensation where necessary.
3. Insurance
It is the entity that pays the amount of compensation the insurance to the beneficiary in the event of a breach by the insured person.
The firm contracts the captive insurance with a company insurance. The insurer issues a Policy security insurance which ensures compliance with the specific obligation agreed between the secured and the beneficiary. In the event that the secured person is in breach of its obligations, the beneficiary may claim compensation from the insurer up to the limit set in the security policy.
The captive insurance is normally used in sectors such as construction, international trade, public and private tendering, leasingamong others.
In short, the captive insurance provides a effective alternative to ensure compliance with contractual and economic obligations, providing security to the parties involved and facilitating the conduct of commercial and contractual transactions.
If you need it, contact us.
In inXur we will explain everything about you Policy And you premium, so you have all the information and you can always make the best decision that suits your needs and those in your pocket.
Remember, if you prefer, you can also contact us on the phone by calling us on 911982330, sending us a Whatsapp to 660839546 or sending an email to clientes@inxur.com.
Our working hours are from Monday to Friday from 9.30 a.m. to 6.30 p.m. If you contact us outside this schedule, we will manage your application as soon as possible on the next working day.
