Credit and Surety Insurance

Credit and Surety Insurance
Expand Your Business with Confidence

With Solid Iberia, you can grow your business securely, knowing your sales are protected. Our Credit and Surety Insurance solutions are designed to mitigate payment default risks, ensuring your business’s steady growth. With a tailored approach and industry-specific solutions, we become your strategic ally in facing financial challenges. Protect your business with Solid Iberia and move toward success with the confidence of being backed by credit insurance experts.

With our credit and surety insurance solutions, your business is safeguarded against non-payment risks, without consuming your credit capacity with additional bonds or guarantees.

What is Credit and Surety Insurance?

Understanding how this insurance work is essential, as they serve different purposes:

Credit Insurance protects the policyholder against the risk of non-payment from accounts receivable due to credit-based commercial transactions. The primary goal of a credit insurance policy is to cover losses due to a customer’s default or insolvency when payment has been deferred. This coverage includes prevention, debt collection, and compensation for the policyholder.
Surety Insurance provides a guarantee in which the insurer agrees to compensate the insured party if the policyholder fails to meet their legal or contractual obligations. This type of insurance is commonly used for rental agreements, as well as for banks, real estate agencies, and travel agencies. Surety insurance is required when one party in a contract demands a guarantee from the other to secure compliance with obligations.
Benefits

One of the key benefits of surety insurance, whether purchased online or in person, is that it enables policyholders to avoid consuming their credit capacity. This advantage is not available if a conventional bond or guarantee were required to fulfill obligations. Instead, policyholders simply pay the insurance policy premium to secure the required guarantee.

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