If your company needs to provide security for attractive mandates, sureties from Euler Hermes are the ideal solution. Owing to Euler Hermes’ good reputation and excellent ratings, they are readily accepted by private, commercial and public-sector clients around the world. And they do not negatively impact the line of credit from your main bank.
Provide your international suppliers with valuable reinsurance and ensure that they deliver as agreed. A surety issued on your behalf lets your suppliers know that you are able to meet your contractual obligations, provided they fulfil their own. If you take advantage of our surety services, we assume your liabilities to third parties as an independent guarantor.
As part of a global insurance company, we are accepted as an equivalent to a bank but we meet your needs with greater flexibility. Optimal solution for: Companies with surety requirements from CHF 1 million in the mechanical engineering, manufacturing, import, freight forwarding, wholesale, foreign trade and food industries, among others.
In particular, a surety or guarantee can be an ideal solution for companies that wish to avoid unnecessary and overpriced loans. A surety or guarantee from Euler Hermes gives you the ability to secure the future liquidity of your company without having to fall back on a bank guarantee. Moreover, a surety or guarantee from us grants you considerably more leeway and liquidity than a bank would offer. And who wouldn't prefer not to rely on banks? We work with you to design individualised surety and guarantee agreements that meet your precise needs. Furthermore, your credit line - which you probably have with your main bank - is significantly disburdened by taking out a guarantee from us. This also relieves the financial pressure on you as an entrepreneur and, in turn, on your company. You can instead focus on what’s really important: your business!
At Euler Hermes, we review every hedging request on an individual basis. A number of different sureties exist:
Bid Bonds
Advanced payments bonds
Customs, tax and contribution bonds
Performance bonds
Maintenance bonds
This List of standard bond types is not exhaustive, Euler Hermes can also provide you with tailored bonding solutions.
With some 100 years of expertise in the bond business, Euler Hermes is one of the most experienced providers in the world and is able to issue sureties for foreign clients. Our sureties are readily accepted around the globe. What’s more, Euler Hermes provides many services in the guarantee business that are not offered elsewhere as a matter of course – and it does so at fair, transparent prices. Moreover, the experts at Euler Hermes can advise you in all details of the wording of your sureties.
If your main bank already serves as your guarantor and you are completely satisfied with it, you must be asking why you should switch to a surety from Euler Hermes. This is a legitimate question which we would be pleased to answer for you.
It is important to have a good, trusting relationship with your main bank and under no circumstances should you give this up. Nevertheless, a bank offsets the surety or guarantee against a line of credit, which automatically leads to diminished financial flexibility for you and your company. Euler Hermes does things differently! Here, sureties and guarantees are an insurance policy. In the meantime, your main bank can continue to see to your liquidity.
