Surety Insurance: The insurance that guarantees performance of your contracts

The purpose of this form of insurance is to guarantee the faithful performance of the obligations assumed by the principal to the insured, as provided for in the policy. It is a substitute product for a bank guarantee.

In an increasingly globalized world, to seek reduced costs is a competitive strategy. And when the subject is guarantees for public tenders and guarantees for construction contracts, supply of goods and provision of services, surety insurance shows enormous advantages when compared to traditional bank guarantee letters.

CredRisk Seguros is at your entire disposal to guide you and help you find the best Surety Insurance solution for your company.


Is the party that contracts the construction of the works, the supply of goods or provision of services, and therefore the insurance beneficiary. It may also be the Federal Revenue Service, whether or not represented by any government department.

Contractor (principal):

Undertakes with the insured to perform the contractual obligations, as per specification of obligations. .


Guarantees to the insured the payment of an indemnity for non-performance of the contract.


Facilitates the business process.


Guarantees that, in public or private tenders, the bidder will maintain his proposal and sign the contract with the conditions presented and within the period specified in the bid invitation.

Guarantees the performance of all obligations assumed under a contract for construction, supply or provision of services, and protects the insured against the risk of non-performance by the principal.

Provides for the replacement of payment retentions on invoices, as provided for in the main contract, and guarantees performance of the obligations assumed by the principal.

Guarantees that the sums received by way of advance payments under the contracts will be used for immediate performance of the object of the contract, i.e., the performance of the scheduled stage, through to its completion.

Attests to the veracity of tax credits informed by the principal in the ATCS – Accumulated Tax Credits Statement, in administrative proceedings within the Federal, State or Municipal scope.

Guarantees indemnification for losses arising out of non-performance, within the agreed period, of the corrective work required to eliminate a malfunction for which the principal is exclusively responsible.

Guarantees the execution of works for the construction of residential and commercial properties, as well as handover of the same in accordance with the conditions set forth in contract.

Guarantees that the principal shall perform all the obligations assumed under a concession contract for operation of a public service or public property.

Guarantees payment of import taxes to the Federal Revenue Service (suspended through the inclusion of the principal in the Special Customs Regime), if the principal fails to comply with the conditions that justify the benefit of the mentioned tax suspension.

Guarantees a payment obligation, i.e., that the principal will pay a certain debt to the insured, in the agreed manner.

This is used for energy purchase and sale contracts. It guarantees to the seller (insured) that the energy purchasing company (principal) will honor the invoice payment obligation.

This is usually required by investors or financial institutions (banks) that invest money in development and/or construction of projects. It guarantees the implementation of projects within the time frame and in accordance with the specifications set forth in the contract to be signed, and in line with the Financing Contract.

Guarantees to the landlord the payment of rents, charges overdue and not paid by the tenant, eventual damage to the property, as well as contract rescission fines, even before the eviction order is issued, i.e., during the course of court proceedings.

Civil, tax foreclosure and tax split payment: replaces the Court Deposit. Guarantees the payment of a judgment amount (or an amount established through agreement), during the course of court proceedings.

Guarantees to the insured the payment of losses that the insured may sustain due to non-compliance with labor and social security obligations, for which the principal is liable, arising from the contract executed between them.

Additional benefits for the principal company:

Affordable costs, and usually cheaper than a bank guarantee;

A single counter-guarantee covering all the policies issued;

Specific credit line for insurance;

Permits optimization of bank credit lines, and avoids tie-up of financial resources in cash guarantees.

Additional benefits for the insured company / beneficiary:

Greater certainty regarding the completion of projects;

Reduced final cost of merchandise or service;

Prior evaluation of the technical and financial capacity of the contracted company (principal);

Greater efficiency in resolving eventual disputes between the contracting party (insured) and the contracted party (principal).

How it operates:

The purchase of Surety Insurance is simple and fast. See below the necessary documents

To be completed

  • Completion of the information sheet supplied by the insurer;
  • Completion of the shareholders information sheet (if the shareholder is a natural person the same documentation as requested from the principal should be sent);


  • Financial statements for the last three financial years (balance sheet, DRE, and recent trial balance);
  • By-laws/Articles of Association + and the last amendments thereto (extraordinary general assembly / ordinary general assembly minutes);
  • Board election minutes;
  • Portfolio of contracts (backlog): being executed or to be executed;


  • Institutional presentation;
  • Expected demand in the following months, if any;


  • Other documents may be requested on a case-by case basis.

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