The construction industry has been booming for several years now. However, this by no means implies that bond contracts are no longer relevant. Alongside the insurance premium, the required collateral also needs to be given close examination. Many of the surety contracts in the construction industry leave management boards and managing directors with an increased risk of liability.
Specialist products for the construction industry:
construction workers’ compensation insurance
advance payment bond/surety bond
In nine out of ten construction companies, management boards and managing directors are at an increased risk of liability because the various bond contracts, current account overdraft agreements and aval contracts are not consolidated. We can quickly help you establish whether your contracts are structured correctly and, if not, help you find the right solutions. Consortiums, syndicates, pools/collateral pools and other consortial structures are also not a problem for us. As one of the official brokers for the German BTGA (Federal Association for Technical Building Equipment), we know the particularities of the industry – and can equip you with the right solutions. Ask us to help you!