Researching and offering quotes for prices and conditions of insurance policies is the first step in closing a policy favorable to our client from all points of view, starting with the conditions of the policy, the procedures necessary to close and unfold the policy and not in the least being the price of a policy, competitive and comparative with the price offered by all the important insurers in the field.
Closing a policy is the next step after the customer has chosen the quote better suited for his request. Depending on the needs and our customers’ requests, they can close the following policies:
RCA Insurance is an insurance through which third parties, which were prejudiced as a result of a car accident produced by the insured driver, receive payment for the material damage and/or even the loss of life or physical damages which occurred. The purpose of this insurance policy is that the harmed one will receive payment for the damages occurred regardless of the financial possibilities of the one who is at fault for the damages. As follows, the RCA policy is very important and obligatory, even in the case that the owner of the car already has a CASCO policy.
CASCO Policy is an optional insurance policy, for damages and theft, having as a result the compensation of damages occurring to one’s own car. The person at fault for the accident can’t benefit from the RCA policy for the compensation of damages to his own car, so the CASCO policy is very important to any driver.
Besides these two policies, the most sought after and used car insurance policies, clients can close other types of car insurance policies, as it is:
- CMR Insurance (for vehicles transporting goods)
- Car Insurance for land transportation
Life Insurance is a means to financial protect us. As a form of protection for a person, the life insurance policy is creating an additional income for a specific moment in time, assuring a financial capital or a pension.
The capacity to realize an income can be your most important capital you have, because this way you can realize your wishes and secure for your family a comfortable and peaceful living. Unfortunately, neither your capacity to realize an income or work, as well as your health are not guaranteed.
If an unfortunate event will result in the incapacity to work, infirmity, or even death of a person, the need for further income will continue for all who were financial dependent for the said person, making a Life Insurance an imperative form of securing your future.
Also, a Life Insurance is a very good way to save and multiply the money paid as premiums, having the possibility to receive them in a substantial sum when the period of the policy coverage expires.
Regardless of the world’s evolution and the advantages of the modern technology, nobody can control what happens around us. Insurance is our most important protection specially when is against damages produced by nature, also when the activities of third parties affect us in a negative way. All this risks – natural calamities, theft and robbery, risks of health, professional activity, goods in transit, and many others – are part of our daily life and is preferable that somebody else assumes these risks instead of us.
These are the main reasons for which general insurance products appeared, offered by insurers that take over the risks for almost any activity or object, for an amount that the insured is willing to pay. Although some forms of insurance are more known than others, in principle any request can be evaluated by the insurer and offered an appropriate policy. This way, policies can be closed for the following objects and activities, but not only:
|Home insurance||Equipment insurance||Insurance against theft and robbery for commercial and production activities|
|Private health insurance||Transit goods insurance (CARGO)||Insurance for construction (equipment and machines, production, open sites)|
|Private pension plan||Insurance for naval fleet||Insurance for valuables and money|
|Merchandise insurance||Insurance in agriculture (goods, crops, equipment)||Insurance against accidents|
|Office and industrial buildings insurance||Insurance against theft and robbery for civil activities||Insurance for aviation fleet|
Liability Insurance has as object covering the damages inflicted by the insurer to third parties, in the conditions in which the insured is legally at fault. Even as companies are mostly the ones who need such insurance policies, private persons can also close them.
The most frequent policies for liability are the following, but there are also more specialized ones, depending on the activity:
|Liability for manufacturer||Liability for the transporter (in its quality as carter of goods in transit)|
|Liability for employer||Liability for commercial and industrial risks|
|Liability for store owners||Liability for landlord or tenant|
|Liability for private civil persons||Liability for boat using|
|Liability for managers and civil servants||Liability for a car in transit outside Romanian borders|
Guarantee Insurances represents an advantageous alternative to the bank guarantee letter, both financially, but especially for the optimal performance of the company's activity. Warranty insurance differs from the classic concept of insurance. Collateral insurance is a tripartite written commitment: Insurer, Insured / Offeror and Contract Beneficiary / Contracting Authority. Within this written commitment that takes the form of an insurance policy, the Insurer guarantees the fulfillment of the contractual obligations assumed by the Insured towards the Beneficiary and undertakes to indemnify the Beneficiary, provided that the Insured is guilty of the breach of the guaranteed obligations. Warranty coverage is issued after a full company review, similar to scoring analysis, on credit worthiness, solvency, ability to meet its contractual obligations and its reputation.
Advantages of Guarantee Insurance
- Protects liquidity so that it will no longer be blocked in collateral deposits
- Offer flexibility
- Quick feedback, both at the conclusion of the financial analysis and on the issuance of policies
- Compliance with the forms required by the Beneficiary
- Advantageous premium of insurance
- Issuing insurance policies in accordance with the clauses required by the data sheet or the specifications
A Bid Bond type guarantee is required in the case of an invitation to tender for the award of a public procurement contract where a bank letter or guarantee instrument issued under the law of an insurance company must be presented.
The Auction Guarantee is the guarantee instrument by which the International Insurance Broker makes a commitment to the Beneficiary on behalf of the Offeror in respect of the following non-compliance:
- The bidder withdrew its offer during the period of its validity
- The bid being established as winning bidder, the Offeror did not constitute the guarantee of good execution during the period of validity of the offer
- When the bid is declared a winner, the bidder has not signed the public procurement contract during the period of validity of the offer
A Performance Bond Guarantee is required if, following a winning bid, a public procurement contract has been signed, which entails the obligation to enter into a performance guarantee for the contract. The performance guarantee protects the Insured's partner in case of non-fulfillment or inadequate performance of the contractual obligations assumed. At the same time, Performance Bond guarantees to the Beneficiary the correct fulfillment of the execution obligations arising from the Guaranteed Contract.
Any legal entity that has performed a contract must, upon completion of the works, provide a maintenance warranty, so that later defects can be rectified without additional costs. Maintenance bond assures the beneficiary to remedy any defects / vices hidden in the work performed during the post-execution warranty period (maintenance / maintenance period). This post-execution warranty period refers to the defect notification period, starting with the signing of the minutes of receipt, until the final acceptance minutes are signed.
Advance Payment Bond
The advance deposit guarantee is required when, in the case of an advance received under the contract, a deposit guarantee is required. In this way, the client's partner is assured by the fulfillment of the contractual obligations, namely the return on time and under the conditions of the advance payment.
It covers the following customs procedures:
- temporary storage
- customs warehousing procedure
- temporary admission procedure with total relief from import duties
- destination regime
- release for free circulation on the basis of a standard customs declaration, with deferred or deferred payment
- temporary admission scheme with partial relief from import duties
- other types of operations