Customers, business partners or government agencies may ask for additional security when awarding contracts. This way, they can be sure that their project is in safe hands from start to finish. In other words, they can also expect the contract to be carried out if the commissioned company files for bankruptcy, for instance.
With AXA’s bonds and guarantees ("surety insurance") , AXA covers the surety for your projects. This means that AXA guarantees to meet the contractually defined obligations. This improves your trustworthiness and appeal as a service provider or supplier, helping to secure your company lucrative contracts.
Here’s an example:
With surety insurance, you offer the customer valuable security and secure knowledge that you will meet the agreed obligations as planned. In times of economic fluctuations and increasing insolvencies, this is a competitive advantage:
With AXA, you have the number one on the Swiss insurance market as a partner by your side. Our good reputation in terms of rating both domestically and in other countries has a positive impact on your company’s trustworthiness.
From performance guarantees to customs bond: we have numerous guarantees, bonds and sureties in the portfolio and there is definitely one that is the ideal solution for your company. Most of our offers can be easily applied for and processed online. And after completion too, you benefit from our digital service through our myAXA customer portal: less red tape and more time for your business!
The level of premium is determined by surety amount, duration of insurance benefit and your company’s creditworthiness.
The policyholder pays the premium. The policyholder pays annually in advance for contracts that are not time-limited. The policyholder pays for the whole term in advance for a time-limited surety or guarantee.