Euroins offers you protection for the development of your business as well as financial relaxation as your working capital is not affected.

What is insured

We guarantee to cover losses incurred by the Beneficiary as a result of insured events occurring during the insured period, which your company is unable to honor/cover at the time of the claim submitted by the Beneficiary in accordance with the provisions of tender/basic contract.

What you need it for

PHOENIX BID: With this guarantee, your company and Euroins undertake firmly and irrevocably to pay unconditional compensation to the Beneficiary, up to the sum insured, in the event of one of the following situations:

• Your company withdraws its offer during the validity period of the offer;

• Your company wins the tender, the offer is established as the winning offer, but you refuse to sign the contract which is the subject of the tender during the validity period of the tender;

• Your company wins the tender, but you have not opened an account at the disposal of the contracting authority, at a bank credit institution agreed by both parties (applicable situation only if the parties agree that the performance guarantee is constituted by successive deductions from the amounts owed for partial invoices); 

• Your company's offer is established as the winner, but you do not provide a performance guarantee within 5 working days of signing the contract.

PHOENIX PERFORMANCE & MAINTENANCE: With this guarantee, your company and Euroins undertake firmly and irrevocably to pay unconditional compensation to the Beneficiary, up to the sum insured, in the event that your company does not fulfill its obligations stipulated in the contract during the execution and maintenance period, i.e. the guaranteed obligations.

PHOENIX ADVANCE: With this guarantee, your company and Euroins undertake firmly and irrevocably to pay unconditional compensation to the Beneficiary, up to the sum insured, in the event that your company is obliged to return the advance payment because it is guilty of failing to fulfill or improperly fulfilling the obligations stipulated in the Contract regarding its use.

PHOENIX RETENTION: With this guarantee, your company and Euroins firmly and irrevocably undertake to pay unconditional compensation to the Beneficiary, up to the sum insured, for the counter value of the amounts which should have been withheld from the invoices issued by your company to the Beneficiary, based on the payment schedule under the Contract, but which have not been withheld and have been released to your company following their guarantee by Euroins.

How much it costs

The insurance premium differs depending on the creditworthiness of your company, the period insured and the amount guaranteed. Please get in touch with our partners to get the best offer, tailored to your needs.

Documents

Insurance conditions PHOENIX BID

Information document PHOENIX BID

Insurance conditions PHOENIX PERFORMANCE

Information document PHOENIX PERFORMANCE

Insurance conditions PHOENIX MAINTENANCE

Information document PHOENIX MAINTENANCE

Insurance conditions PHOENIX PERFORMANCE & MAINTENANCE

Information document PHOENIX PERFORMANCE & MAINTENANCE

Insurance conditions PHOENIX ADVANCE

Information document PHOENIX ADVANCE

Insurance conditions PHOENIX RETENTION

Information document PHOENIX RETENTION

Product presentation PHOENIX BONDS