{"id":8175,"date":"2023-03-14T11:39:43","date_gmt":"2023-03-14T11:39:43","guid":{"rendered":"https:\/\/fgis.it\/?page_id=8175"},"modified":"2025-07-15T12:58:19","modified_gmt":"2025-07-15T12:58:19","slug":"guarantees-and-insurance-guarantees-bond-and-surety","status":"publish","type":"page","link":"https:\/\/fgis.it\/en\/guarantees-and-insurance-guarantees-bond-and-surety\/","title":{"rendered":"Guarantees and Insurance Guarantees (BOND and SURETY)"},"content":{"rendered":"\t\t
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\n\t\t\t\t\u201cObligatio est iuris vinculum quo, necessitate, adstringimur alicuius solvendae rei, secundum nostrae civitatis iura\u201d \t\t\t<\/p>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t(Gaio - Institutiones, Corpus iuris civilis di Giustiniano, 529-534 A.D.)<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Warranties play a very important role in supporting Clients with their contractual obligations and can help them grow successfully in an ever-changing global environment.<\/p>

At FGIS we intend to become long-term trusted partner<\/strong> supporting our customers with traditional and tailor-made surety solutions.<\/p>

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While sureties are as to say embedded in business related to construction activity<\/strong>, bonds and sureties can be successfully utilized in a wide variety of commercial sectors and international markets<\/u>. Our bonds and guarantees can provide efficient solutions in terms of employed capital savings and assist in the management of working capital, reducing the financial requirement.<\/p>

The speed of response and the service are fundamental for a surety offer and for any commercial activity, therefore we guarantee access to specialist subscribers of leading specialized companies that will provide timely and proactive decisions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Contractual obligations<\/h2><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n Benefits and obligations <\/h3>\n \t\t

a guarantee for a client for the execution of a contract by the designated contractor in accordance with its terms and conditions.<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n Advance payment obligation <\/h3>\n \t\t

a guarantee provided in which the money is paid in advance and before the goods or services are provided under a specific contract.<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n Retention Bond <\/h3>\n \t\t

many construction contracts authorize the client to withhold a percentage of money owed to the contractor for each payment. A bond may be issued instead of money that would otherwise be held as a reserve and which allows the policyholder to receive the full amount due and improve its cash flow.<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n Bonds to Public Administrations <\/h3>\n \t\t

Bonds issued in favor of Public Administrations to ensure that the legal obligations in relation to the construction and maintenance of works are respected.<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\tREQUEST ADVICE\t\t\t\t\t<\/h2>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tRequest your personalized advice now to choose the product that best suits your needs\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tContact us\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Commercial bonds<\/h2><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n Guarantee of tax credits reimbursement <\/h3>\n \t\t

a guarantee to the collection Authorities for the reimbursement of duty and tax credits (VAT credits refund).<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n Warehouse obligation <\/h3>\n \t\t

a guarantee requested by Customs and Monopolies Agencies for customs warehouses.<\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n Loan Agencies guarantees <\/h3>\n \t\t

_\tLoan Agencies guarantees <\/p>\n <\/div>\n \n \n <\/div>\n <\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Generally, a subject obliged to provide a security to guarantee the fulfillment of the obligations assumed can choose for a surety policy in favor of the creditor of the obligation.<\/p>

The surety policy has the following advantages:<\/p>