{"id":4379,"date":"2022-07-25T07:30:16","date_gmt":"2022-07-25T00:30:16","guid":{"rendered":"http:\/\/ligaasuransi.com\/?p=4379"},"modified":"2022-07-25T07:30:16","modified_gmt":"2022-07-25T00:30:16","slug":"bagaimana-cara-mendapatkan-bank-garansi-dan-surety-bond-di-saat-krisis-ekonomi","status":"publish","type":"post","link":"https:\/\/ligaasuransi.com\/en\/bagaimana-cara-mendapatkan-bank-garansi-dan-surety-bond-di-saat-krisis-ekonomi\/","title":{"rendered":"How to Get a Bank Guarantee and Surety Bond in Times of Economic Crisis?"},"content":{"rendered":"

Liga Asuransi<\/a> – Dear readers, how are you? This time we will discuss the issue of Bank Guarantees or Surety Bonds that need to be provided by every contractor or supplier company related to the project owners\u2019 the government or private corporations.\u00a0<\/span><\/p>\n

As we all know that in line with the current economic conditions Indonesia is still facing severe challenges, the impact of global economic conditions is experiencing turbulence due to the COVID-19 outbreak which is then also followed by Ukraine vs Russia conflict which does not know when it will end.<\/span><\/p>\n

As a result of the economic turmoil, there was also a significant increase in financial risks which caused losses due to financial failures that caused large amounts of losses experienced by financial institutions and by the public.\u00a0<\/span><\/p>\n

This problem also occurs in the field of guarantees which include bank guarantees and surety bonds. Many failures in project completion and procurement of goods failed and eventually, their project guarantees were disbursed by the guaranteed holders (oblige).\u00a0<\/span><\/p>\n

As a result, many underwriting companies, especially insurance companies, are currently experiencing liquidity problems.<\/span><\/p>\n

Now the parties involved in the financial sector including banking and insurance are very careful and selective in providing guarantees. They conducted a more complete, rigorous evaluation, and asked more detailed questions to ensure that the project would be implementable according to the plan and their potential risk is low.<\/span><\/p>\n

As an insurance broker and consultant with extensive experience in the field of providing guarantees both surety bonds, bank guarantees, and counter bank guarantees we see how difficult it is today to process the issuance of guarantees compared to previous times.<\/span><\/p>\n

Here we would like to write down some tips so that the process of issuing your guarantee runs smoothly as expected.<\/span><\/p>\n

If you are interested in this article, please share it with your colleagues so that they also understand you.<\/span><\/p>\n

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Things that Need to Be Considered for Parties guaranteed by the Bank Guarantee (Principal)<\/b><\/p>\n

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