Product
Surety Insurance
It guarantees compliance with contractual and legal obligations, protecting the parties involved in commercial transactions.
We design flexible, specialized surety insurance for projects based on individual risk analysis. Our guarantees adapt to the requirements of policyholders, contracts, beneficiaries, and tenders. Each client has requirements that can be completely different from the rest, and Ayax's long-standing experience as an underwriting agency for this kind of product lets us offer competitive conditions beyond the market's standard solutions.
Surety insurance is governed by the Insurance Contract Act, and is the policy by which the insurer agrees to indemnify the insured for any losses they may suffer if the policyholder fails to meet their legal or contractual obligations.
AYAX Caución offers a wide range of guarantees to meet commercial, legal, and contractual obligations for projects and operations involving supplies, services, and construction works, primarily required by Public Administration and also for agreements between private parties:
Our Services
- Bid Bond (Provisional and final)
- Advance Payment Guarantee
- Maintenance Guarantee
- Retentions for material damages, due to flaws or defects in the execution that affect finishing or completion elements of the work
- Construction and Demolition Waste Management Guarantee
- Concession Guarantee
- Subsidy Guarantee
- AENA Guarantee
- Renewable Energy
AYAX Caución is a flexible insurance built around each client's needs. We can issue policies for one-off operations on specific projects, as well as open lines that clients can use across different projects.
More information
If you want to know more about this product, contact us: