CONTRACTUAL BOND INSURANCE

we underwrite risks on behalf of HDI Global Specialty SE rated A+ by Standard & Poor's and A+ (stable outlook) by A.M. Best.

WHY CEE SPECIALTY

a Czech company licensed and regulated by Czech National Bank
we underwrite risks on behalf of renowned global insurers on Czech, Slovak and international markets
we offer local & tailor-made insurance solutions
experienced team of fully authorized underwriters
claims handled locally by experts

Types of bonds we offer

Bond period

bid bonds max. 12 months
other contractual bonds max 36 months in performance period and up to 61 months in maintenance period

insurance bond is a full-fledged alternative to a bank guarantee - the same form and legal certainty, irrevocability, payment on the first-call and without objection in case of unconditional guarantees
cost savings:
- unlike bank guarantee, an insurance bond is not a loan, it does NOT reduce the credit line - so you can borrow more money from the bank - and does not enter the insured's accounts as a possible financial liability
- substitute of retained cash or bid security
the insured pays only the insurance premium, no other fees
fast process of issuing the letter of guarantee with recognized digital signature
various options of collaterals for securing potential insurance indemnity incl. option without any collateral!
we prefer framework agreements with minimum administration for broker and client in case of bid bonds and maintenance bonds