Credit Insurance and Surety Bonds
At Mercury Insurance Brokers SL we are specialists in credit insurance and surety bonds. We have the benefit of more than 15 years of experience. We are focused on continuous professional development and the variety of different agreements with leading insurers allow us to offer the best solutions to your company.
Credit Insurance
The purpose of credit insurance is to protect the policyholder by guaranteeing credit payments in the event of insolvency of a client. It protects the policyholder against the risk of unpaid balances.
Mercury Insurance Brokers SL works with the leading credit insurance companies. We offer companies an insurance solution that protects against the costs and problems that arise from the non-payment of their commercial invoices.
To do this, we analyse the different options in the insurance market based on three fundamental pillars:
- Risk analysis of the client portfolio.
- Recovery of unpaid credits.
- Compensation of those accounts that are uncollectible.
We offer bespoke solutions according to the size of each company.
Remember:
- 80% of companies suffer defaults.
- 25% of business bankruptcies are due to unpaid invoices.
We provide a bespoke, personalised service to ensure that we select and advise on the best credit insurance products on the market. We guarantee your peace of mind and the security that your business is covered.
Access the advantages of having contracted credit insurance:
- Prevention against the risk of non-payment.
- Better knowledge of your customers
- Help in business development and the opening of new markets.
- Increased financing and loans.
Surety Bonds
Surety bonds guarantee the Insured Party (Beneficiary) compensation for damages that may be caused by the incompletion, by the Contractor (Policyholder), of a legal or contractual obligation, within the amounts and conditions covered by the policy. Surety bonds are the perfect alternative to a bank guarantee.
At Mercury Insurance Brokers SL we are specialists in surety bonds, operating with the leading insurance companies.
Normally, the surety policy has a lower cost than a bank guarantee, as well as greater flexibility.
As if this were not enough, the surety policy does not count as a risk in the Risk Information Center of the Bank of Spain (CIRBE), therefore, when requesting financing with a financial institution, the company’s credit profile will not be affected.
We adapt the needs of our clients to the different existing policies in the market:
- Surety bonds that favour the government administration.
- Surety bonds for customs warehousing.
- Surety bonds to guarantee bids in works and supplies contracts.
- Surety bonds in guarantee of the obligations contracted by customs authorities.
