Compliance
Policies
Compliance policies are used to cover the payment of possible damages derived from the breach of a contractor to a contracting party, with respect to the obligations acquired in a contract, legal provision or judicial guarantee. We issue nearly 500 compliance policies each year, for contracts for the provision of services, work, sale and lease, among others, of minimum and greater amounts for the official sector and between individuals.
Compliance
Policies
Compliance policies are used to cover the payment of possible damages derived from the breach of a contractor to a contracting party, with respect to the obligations acquired in a contract, legal provision or judicial guarantee. We issue nearly 500 compliance policies each year, for contracts for the provision of services, work, sale and lease, among others, of minimum and greater amounts for the official sector and between individuals.
These are policies submitted by the contractor so that the insurer pays compensation for damages caused to the State or contracting entity in the event of breach of a contract.
The objective of these policies is to protect public assets.
Within these policies are:
· Bid Bond: Covers the risks derived from the breach of a public procurement offer.
· Compliance: Covers the contracting party for damages arising from non-compliance with the obligations of a contract.
· Performance Security and Bank Guarantee for Advance Payment: Covers the contractor against the non-use or improper use that the contracting party makes of the money or goods that have been delivered as an advance for the execution of the contract.
· Stability and Quality Assurance: It covers the contracting party for damages caused as a result of any type of damage or deterioration that occurs after a work is received. It is required in civil works contracts.
· Guarantee of payment of wages and benefits: Covers damages caused to the contractor due to the contractor's breach of his labor and social security obligations.
· Protection of quality and correct functioning of the goods and equipment supplied: Covers the contracting party for the damages derived from the poor quality or technical deficiencies of the goods and equipment supplied, in accordance with the specifications established in the contract. It is required in contracts for the supply of goods or equipment.
· Protection of the Quality of the Service: Covers the contracting party from possible damages derived from the poor quality or insufficiency of the products delivered on the occasion of a consulting or advisory contract, taking into account the conditions agreed in the contract. It is required in service provision contracts to guarantee quality.
These are policies submitted by the contractor so that the insurer pays compensation for damages caused to the State or contracting entity in the event of breach of a contract.
The objective of these policies is to protect public assets.
Within these policies are:
· Bid Bond: Covers the risks derived from the breach of a public procurement offer.
· Compliance: Covers the contracting party for damages arising from non-compliance with the obligations of a contract.
· Performance Security and Bank Guarantee for Advance Payment: Covers the contractor against the non-use or improper use that the contracting party makes of the money or goods that have been delivered as an advance for the execution of the contract.
· Stability and Quality Assurance: It covers the contracting party for damages caused as a result of any type of damage or deterioration that occurs after a work is received. It is required in civil works contracts.
· Guarantee of payment of wages and benefits: Covers damages caused to the contractor due to the contractor's breach of his labor and social security obligations.
· Protection of quality and correct functioning of the goods and equipment supplied: Covers the contracting party for the damages derived from the poor quality or technical deficiencies of the goods and equipment supplied, in accordance with the specifications established in the contract. It is required in contracts for the supply of goods or equipment.
· Protection of the Quality of the Service: Covers the contracting party from possible damages derived from the poor quality or insufficiency of the products delivered on the occasion of a consulting or advisory contract, taking into account the conditions agreed in the contract. It is required in service provision contracts to guarantee quality.
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Mass corporate insurance policies
Mass corporate policies service, recognized in the market for its effectiveness in issuance, satisfies the needs of our clients to acquire –or give the possibility to their employees to acquire–insurance policies with benefits and preferential values by volume.
Policies are intended to protect people, assets and families of our clients' employees
Mass corporate insurance policies
Mass corporate policies service, recognized in the market for its effectiveness in issuance, satisfies the needs of our clients to acquire –or give the possibility to their employees to acquire–insurance policies with benefits and preferential values by volume.
Policies are intended to protect people, assets and families of our clients' employees
Personal Accidents
Cars
Home
SOAT - Obligatory traffic accident insurance
Properties
Personal Insurance
Health
Life