Solutions for your most complex surety risks
In Spain, surety solutions help businesses navigate contractual, regulatory, and commercial requirements with confidence. By offering an alternative to traditional bank lines of credit, surety can help preserve working capital, protect borrowing capacity, and provide customized security aligned with an organization's unique needs.
Our products
Surety bonds play an important role in facilitating business transactions by providing technical guarantees that contractual and regulatory obligations will be met. This added layer of assurance helps safeguard project owners, government entities, and other stakeholders when commitments are not fulfilled. Serving sectors such as construction, housing, energy, and professional services, surety solutions can be tailored to support a range of operational and risk-management objectives. Common bond types include:
Bid/tender bond
Guarantees that a bidder will enter into the contract and provide the required performance security if their tender is accepted.
Performance bond
Guarantees that a contractor will complete a project in accordance with the agreed contract terms, or the bond will compensate the beneficiary for resulting losses.
Advance payment bond
Protects the beneficiary if advance payments made to a contractor are not properly used or the work is not delivered.
Retention bond
Replaces cash retention by guaranteeing that defects or outstanding obligations will be remedied under the contract.
Customs/deferred duty bond
Secures payment of customs duties, taxes, and compliance obligations on imported goods.
Housing bonds
Guarantees the reimbursement of advance payments made by purchasers to the property developer for the acquisition of real estate if construction does not commence or if the property is not delivered within the agreed timeframes.
Connection to grid bonds
a legal obligation for renewable energy developers and storage facilities to apply for access to electricity production facilities.
Miscellaneous risk bonds
Guarantees required across a broad range of legal proceedings, deferred and instalment payment, grants, subsidies, arrangements for taxes, performance of private contracts.
Construction
Surety guarantees are vital to the construction industry, helping provide confidence that contractors will complete projects, meet contractual requirements, and deliver work as agreed.
Gaming
In the gaming industry, guarantees help provide confidence that operators will meet regulatory requirements, licensing obligations, and contractual commitments as agreed.
Housing
In the real estate industry, guarantees help ensure developers and contractors fulfill obligations related to development of housing projects, build to rent and urban planning.
Energy
In the energy industry, including renewables, oil & gas, etc., guarantees help ensure contractors fulfill obligations related to power generation grid connection and the requirements for EPC project development.
Manufacturing
In manufacturing, guarantees can help support confidence that suppliers and contractors will deliver machinery, components, and finished products in line with agreed timelines and specifications.
Products built for your industry
We understand that every business faces unique challenges and opportunities. That's why we work closely with customers to deliver flexible and imaginative surety solutions across a wide range of industries. In addition to the sectors highlighted below, we also serve the pharmaceuticals, defense, and retail industries.
Get in touch
To learn more about Liberty Mutual Surety’s products and services in Spain, download our fact sheet or contact one of our underwriters.