A Bonds is a contract of accessory character by which one person is committed to fulfill an obligation if the main debtor fails to fulfill it.
Bonds are instruments that guarantee the person who acquires them (trustee) that in case of fraud by their employees or in case of any breach of contract, the Bonds insurance company will compensate up to the amount of the illegality committed, thus protecting the assets of the beneficiary.
Generally speaking, Carsa Group provides consultation regarding bonds insurance by lease, compliance, advance bonds, quality and fidelity.