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SURETY  INSURANCE

Environmental replenishment

Guarantees for activities that may cause damage to the environment 

MINING, CHEMICALS, WASTE, ETC.

Surety insurance
for environmental impact

The Public Administration has defined a series of industrial activities that may cause damage to the environment if a series of measures is not taken. Among these measures is the requirement to provide mandatory financial guarantees to cover the environmental liability inherent to their activity. Industrial activities include mineral extraction, chemicals, livestock, metal processing, textiles, combustion, waste management, etc. The Public Administration needs to ensure the rehabilitation of the natural space that may be affected by industrial activity, and therefore requires guarantees of restoration or guarantees of environmental protection. Surety insurance is one of the ways in which this guarantee can be deposited with the Public Administration. Companies will have to submit an environmental risk analysis to the Administration, which will determine the amount to be deposited.
Imagen industria minera

In the case of mining activity, the Administration requires a Restoration Plan for possible negative impacts on nature, which must contain a detailed description of the measures to be implemented by the industry:

  • Reducing the risk of environmental accidents.
  • Limiting its consequences.
  • Preventing, avoiding and remedying environmental damage that occurs.

This Restoration Plan will make it possible to quantify the guarantee to be lodged to cover the restoration work to rehabilitate the affected natural area.

SAMMY FREE, SURETY INSURANCE

Advantages of
Surety Insurance

Policies over
5 years

We study surety insurance policies with a duration of more than 5 years.

Increased ability to
participate in auctions

This allows you to increase your capacity to participate in more public tenders simultaneously.

No blocking/pledging
of bank balances

Avoid the blocking or pledging of balances in your bank accounts to improve your cash flow.

Does not consume CIRBE

Surety insurance does not consume bank credit limit, it is not a major bank risk which means higher eligibility for bank products (loans, credit accounts, etc.)

More efficient

Rapid evaluation of the application for the issuance of the surety insurance policy, faster in its study and issuance than the bank guarantee.

Plafond System

Pre-approved line of surety insurance that allows you to get your guarantee quickly when you need it.
SAMMY FREE, SURETY INSURANCE

Coverage:
Types of Surety Insurance

SURETY INSURANCE

Consult the different Surety Insurances that we have available