Bond insurance

Bond (deposit) insurance 

A bond insurance is for companies that take money from customers and make the payment for them. Think of deposit, advance payments, spread payments and performance-oriented payments.

"With a bond insurance my customer is well insured against agreements going wrong".

In many cases, this insurance is mandatory for intermediaries and end users. For example, a real estate agency will take money from clients and pay the security deposit to the property owner.

Who is a bond insurance for?

All brokers who take money from customers that is destined for another party need deposit insurance.
End users (eg construction companies) are also obliged to have this insurance.

Why a bond insurance?

For example, as a mortgage broker you have accepted money as a down payment from your customer, and your company goes bankrupt. Then your customer has a warranty with this insurance.

Or as a handyman you have taken a deposit but are unable to carry out the work. In that case, your customer is covered.

Finally, a bond insurance (mandatory or not) will give more confidence to customers. Because you can demonstrate this insurance to your customers, they are more inclined to do business with your company.

What should you pay attention to?

When you take out deposit insurance, it is important to mention all your business activities. If you have forgotten something and have accepted a payment for another business activity, there is no cover for this.

Always check whether this insurance is mandatory for your business activities. The rules also differ per country. your accountant will be able to advise you on this.


We are an independent insurer and work with more than 20 leading insurers in Spain. We have a lot of experience in preparing bond insurance and can provide you with good advice.
Let us make a quotation for you free of charge and without obligation.


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