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+372 622 4599

Financial guarantee insurance

Financial guarantee insurance indemnifies the beneficiary of a guarantee the damage caused if the guarantor fails to duly perform their contractual obligations in part or in full.

Our insurance solutions:

  • Tender guarantee. We indemnify the beneficiary of a guarantee the damage if the guarantor has failed to duly perform the obligations arising from the conditions of the procurement and/or from the contract entered into with the beneficiary of a guarantee.
  • Performance guarantee. We indemnify the beneficiary of a guarantee the damage if the guarantor has failed to duly perform their obligations in relation to the work performed, services provided, or products supplied.
  • Advance payment guarantee. We indemnify the beneficiary of a guarantee the damage if the guarantor fails to repay the amount of the advance payment and it has not been used for the purpose provided in the contract.
  • Maintenance guarantee. We indemnify the beneficiary of a guarantee the damage if the guarantor fails to duly perform their obligations during the warranty period.

Tour operator’s obligations guarantee. We indemnify the beneficiary of a guarantee for the damage if the guarantor fails to duly perform their obligations undertaken with a travel service contract.

PZU is AB "Lietuvos draudimas" Estonian Branch trademark in Estonia. AB "Lietuvos draudimas" is Lithuanian insurance company, that is part of the international PZU Group. Before entering into an insurance contract, please examine the terms and conditions or dial +372 622 4599 for additional information.