The deposit policy (also known as a surety policy) provides a third party with the guarantee that the insured will meet its obligations under a contract or legal disposition, the insurance company safeguarding both the creditor and the obligatory relationship.
The insurance surety becomes an advantageous instrument as an alternative to the bank surety since:
- it is not covered by Bank of Italy's Credit Rating Bureau;
- the specific experience of MAG and of the Insurance Companies allows for "tailor-made" solutions to meet the needs of the Customers;
- it financially supports the growth of the company as in most cases no provisions are required.
- Public Tenders (provisional, definitive, advance payment, withholding tax);
- Inland Revenue (VAT refund and other taxes, debt instalments);
- Law 210, Urbanisation and construction charges;
- Enrolment in Registers;
- Environmental Authorisations;
- Grants and Financing;
- Contracts between private parties (correct performance, sale, lease, instalments).