SURETY BONDS BETWEEN PRIVATE COMPANIES

Today's different business relationships present financial needs to ensure compliance with contracts. For this fulfillment, the contractor normally requires the contractor a guarantee of fulfillment of the contract

SURETY BONDS FOR TEMPORARY WORK COMPANIES

Modality in which the policyholder is the natural or legal person that operates as a temporary agency, and whose objective is to respond to the debts for compensation, Social Security and salaries, which may arise from its activity as a Temporary Work Company, as established in the Law 14/1994, of June 1, which regulates Temporary Employment Companies. It will be presented to the employment agency dependent on the Ministry of Labor.

SURETY BONDS FOR SECURITY COMPANIES

In accordance with Royal Decree-Law 8/2007 of September 14, those companies that operate in the surveillance and security sector must constitute a guarantee with the General Directorate of the Police to respond to the obligations derived from their own activity. This guarantee is necessary in order to obtain authorization to start its operation. The surety insurance for security companies is responsible for the obligations, penalties and other expenses that may arise against the insured on the payment of fines imposed according to the Private Security Regulation

SURETY BONDS FOR PUBLIC WORKS

In order to guarantee compliance with the obligations contracted with the administration: execution, bidding, collection and guarantee of withholdings. The companies that contract with the Public Administrations or bid in Public Competitions need, in accordance with the Law of Contracts with the Public Administrations, to present this type of surety or guarantees

SPECIAL TAX SURETY BONDS

It is presented to the Tax Administration, to respond to the obligations of the exercise of the activity provided for in article 43 of Royal Decree 191/2010, valid for the entire community, to respond to the obligations derived from the intra-community circulation of the products issued in accordance with article 30 of the Regulation. In accordance with the law, this surety insurance for special taxes also covers the amount of the fees that may arise as a result of the incidents that occur in the circulation of goods subject to special taxes of this activity, from the Import Customs to the establishment. These types of guarantees are valid for intra-community activities, they are issued on a renewable annual basis, at the end of the year they are regularized based on the average billing of the last three years.