
Guarantees for the Netherlands and beyond

The specialist for guarantees
Our team at Liberty Mutual Surety Netherlands specializes in guarantees for all types of businesses and beneficiaries.
Our clients are known for their solid financial performance and leading positions in their markets. We assist customers with a guarantee-need for their core activities starting from a total of EUR 500,000.
When you work with our guarantee specialists, you can expect:
- Quick, personalized, and expert handling of your requests
- Guarantees without capital requirements
- A Guarantee Facility as an additional source of financing
- Global coverage
- 24/7 access to view and apply for guarantees
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Construction and installation companies
In the construction and capital goods sector, various types of guarantees are used for the execution of projects and the delivery of goods.
We offer:
- Letters of intent / bid bonds
- Tender guarantees / tender bonds
- Performance guarantees / performance bonds
- (5%) completion guarantees
- Down payment guarantees, including land purchase guarantees
- Advance payment guarantees / advance payment bonds
- Maintenance guarantees / maintenance or warranty bonds
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Transport, storage and logistics
Transport companies, freight forwarders, customs agents, companies with a duty-free warehouse, and those in the importing and exporting business often need to provide guarantees related to legislation from Dutch and European authorities or the European Union.
Customs guarantees
These are guarantees regarding the deferral of VAT and import duties upon import (monthly payments), preparation of community documents, exemption from duties, storage of goods in customs warehouses and excise warehouses and port fees.
Fiscal representative
Are you the fiscal representative of a foreign company? Then you must comply with the (local) tax obligations on behalf of this company. These may involve taxable supplies in the Netherlands, intra-community transactions, and imports from non-EU countries. As a fiscal representative, you will file VAT returns. You are also jointly liable for the amount of the security (the bank guarantee) for the VAT that the foreign company must pay to the tax authorities.
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Manufacturing, trade, and energy
Liberty can support your company throughout all phases of a project, providing peace of mind.
Companies that produce capital goods, ranging from machinery in the food sector to metalworking, often require guarantees to perform their work. After signing an order, engineers get to work creating drawings. To finance this, a down payment is necessary, which is obtained after providing an advance payment guarantee. Additionally, the contractual obligation to eventually deliver (including various milestones) must be covered by a guarantee – the performance bond. After delivery and installation, there is usually a maintenance period during which minor defects must be resolved. To ensure this happens, a client requests a maintenance bond.
The European Union provides refunds for the export of agricultural products to countries outside the EU. In the Netherlands, this scheme is administered by various product boards. To receive refunds in advance, guarantees are required. This also occurs conversely for the import of agricultural products.
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Workers compensation self-insurance (WGA ERD)
Businesses can choose how they want to cover their disability obligations (WGA risk). Every spring and autumn, companies make this choice, either through the public scheme or via a private insurer.
Thanks to Liberty Mutual Surety, there is a third option for managing WGA risk – fully self-insuring the risk.
Larger employers who no longer wish to insure their employees against disability through the public scheme or a private insurer can take on the responsibility for paying WGA benefits and reintegration costs themselves. Many companies prefer to cover these costs themselves rather than paying premiums to the UWV (Employee Insurance Agency) or an insurer.
Liberty Mutual Surety is a market leader in WGA guarantees and has been supporting Dutch companies that are WGA self-insurer for over 15 years. We work closely with specialized intermediaries and advisors in the field of employee benefits. Liberty serves the entire market in the Netherlands, from commercial companies to organizations in the healthcare sector and education.
To become a self-insurer, an employer must provide a guarantee to the Tax Authority from a financial institution that will take over the benefit obligations when the company is no longer able to do so.
For companies that Liberty Mutual Surety finds financially strong enough, we are willing to provide such a guarantee, allowing you to truly become a self-insurer.
You can opt to become a self-insurer twice a year (on July 1 and January 1). However, you must submit your application to the Tax Authority at least 13 weeks in advance (therefore, by April 1 and October 1). With your application, you must be able to provide a WGA guarantee.
The only requirement is that your company has a payroll of at least €10 million, so that we can make a proper assessment of the potential future WGA influx.
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Other guarantees
Liberty Mutual Surety also provides other guarantees, such as:
- Guarantees for cross-border waste transport within Europe (so-called EVOA guarantee)
- Various payment guarantees, for example, towards fixed suppliers of goods such as raw materials, energy, or for the purchase of land for the development of housing
- Replacement of a Standby Letter of Credit (SBLC), for example, for a captive (deductible guarantee) or clearing house (traders)
- Rental guarantees
- Process guarantees (tax) litigation bonds – these guarantees are issued pending a court ruling towards the beneficiary of the claim, for example, towards the European Commission or the Brazilian government
- ICE future guarantees, for example, for the storage of coffee and cocoa
- Decommissioning guarantees for obligations concerning the environment, such as in offshore and oil- and gas contracts
- Liability for underground storage
Liberty Mutual Surety Europe B.V. with a trade name of Liberty Mutual Surety, is a Dutch company with a registered office in Gustav Mahlerlaan 350B, Amsterdam, 1082ME, Netherland and registered with the Netherlands Chamber of Commerce 75108186, as an insurance intermediary operating as an insurance agent on behalf of Liberty Mutual Insurance Europe SE. Liberty Mutual Surety Europe B.V. is registered number 12046759 and can be checked by visiting the AFM website at www.afm.nl. Advice is provided only to the extent that information is provided about the primary insurer’s products and related benefits and conditions. In the event of disagreement about insurance intermediation, a complaint can be sent directly to (Liberty Mutual Surety Europe B.V. – Gijs-Jan.Geerlings@libertymutual.com) or at the above address.