The insurance covers the financial obligations of the trader with respect to the following authorities and jurisdictions:

Customs Authorities of the Member States of the European Community:

• Financial duties and obligations related to customs regulations within the European Union member states, including duties, tariffs, and other charges.

Customs Authorities of the Kingdom of Norway:

• Obligations concerning customs duties and other financial requirements as stipulated by Norwegian customs regulations.

Customs Authorities of the Swiss Confederation:

• Financial commitments related to customs duties and other obligations under Swiss customs laws.

Customs Authorities of the Republic of Iceland:

• Obligations involving customs duties and other financial responsibilities in accordance with Icelandic customs regulations.

Customs Authorities of the Principality of Andorra:

• Financial duties related to customs and other obligations as per Andorran customs rules.

Customs Authorities of the Republic of San Marino:

• Obligations concerning customs duties and other financial commitments under San Marino’s customs regulations.

Customs Authorities of the Principality of Liechtenstein:

• Financial obligations related to customs duties and other requirements according to Liechtenstein’s customs regulations.

The specific coverage depends on the type of guarantee provided.

What does the insurance cover?

The insurance covers debts related to customs duties, value-added tax (VAT), or excise taxes assessed against the trader according to legal procedures, specifically when the tax authority is unable to recover the debt through uncontested means.

What factors influence the availability and cost of a policy?

Coverage Amount: The total amount of insurance needed.

Type of Guarantee: The specific nature of the guarantee required.

Company Information: Details about the company’s business operations.

Ownership Structure: Information about the company’s ownership and its affiliated companies, including their number and addresses.

Customs Warehouses: The number and characteristics of customs warehouses operated by the company.

Business Partners: The number and nature of the company's business partners.

Contract Terms: Conditions related to default or delays in contractual agreements.

Litigation: Ongoing legal disputes involving the company.

Reputation: The reputation of the company and its owners.

Guarantee Duration: The length of time the guarantee is required to be in effect.

Financial Performance: Key financial metrics of the company, including:

• Equity Capital: Amount of equity held.
• Fixed Assets: Total and composition of fixed assets.
• Liabilities: Total liabilities, including those to banks and leasing companies.
• Issued Guarantees: The number and extent of guarantees already issued.
• Tax Status: Compliance with tax payments.
• Payables: Outstanding payments to suppliers.
• Profit and Loss Ratios: Financial ratios related to profit and loss, as well as liquidity.
• Collateral: Availability of additional security or collateral.