For business
A guarantee for your tender or contract
In Georgian state procurement an insurance guarantee is accepted on the same terms as a bank one. Tell us what you need and a partner will come back with individual terms.
Frequently asked questions
Why is there no price shown here?+
Because the commission on a guarantee depends on your company’s financial position, not only on the amount. A headline figure would change once the financials were seen — so in this category a partner contacts you directly instead.
How quickly can it be issued?+
Some insurers issue a guarantee within one business day if the company is already a client and the documents are ready. For a new applicant the financial review takes a few days.
Is security always required?+
Not always. Smaller bid guarantees are often issued unsecured; larger or longer ones usually need a deposit or other security.
What documents will I need?+
None to send the request. At the next stage the insurer will ask for a registry extract, recent financial statements, and the tender or contract document.