Who We Are
IBI MGA is the ideal solution to meet the growing needs for renewal in the insurance market. In a context where the offering of insurance products is constantly increasing, our clients increasingly seek authentic and accurate advice.
We collaborate with major Italian and foreign insurance groups with the aim of best supporting our clients in their entrepreneurial projects and guaranteeing them the right insurance coverage at competitive rates.
We are a dynamic company operating throughout the Italian territory, specialized in the fields of bonds and constructions.
Thanks to a team of 50 highly qualified brokers, we are able to provide real and close support to the needs of over 10,000 businesses we collaborate with throughout the country.
With a consolidated experience in the insurance market of BONDS and CONSTRUCTION, our internal team of experts works diligently to meet the needs of our clients and offer personalized solutions.
Bonds are a vital aspect in the business world, ensuring financial security and compliance with contractual obligations. On the other hand, the construction sector presents unique challenges and requires specific insurance coverage to mitigate associated risks.
When it comes to such specific insurance products, there are several advantages in relying on a specialized Agent:
1) Industry experience and knowledge: Our team consists of professionals with extensive experience in the insurance sector and a deep understanding of the specificities of bonds and construction insurance.
2) Customized solutions: We understand that each client has unique needs. We are able to offer personalized solutions to adapt to the specific requirements of our clients, ensuring adequate coverage.
3) Trusted partner: We are committed to building lasting trust relationships with our clients. We provide dedicated assistance and support throughout the process, from risk analysis to claims management.
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Our Products
BONDS TO SUPPORT YOUR BUSINESS
BID BONDS: These guarantees are issued to allow a contractor to participate in a tender or obtain a temporary license. Provisional guarantees ensure that the contractor will fulfill its obligations in the event of winning the tender or obtaining the license.
PERFORMANCE BONDS: Final guarantees are issued after a contractor has won a public tender or obtained a license. These guarantees ensure the proper and complete execution of the contract or authorized activity. If the contractor fails to fulfill its obligations, the guarantee may be cashed to cover the losses incurred by the public body or authority that issued the tender or license.
GUARANTEES FOR THE DISBURSEMENT OF PUBLIC CONTRIBUTIONS: These guarantees provide a financial security mechanism for public administrations disbursing funds to third parties, ensuring that beneficiary organizations comply with contractual obligations and requirements established for obtaining contributions.
GUARANTEES FOR REGISTRATION WITH PROFESSIONAL AND CATEGORY REGISTERS: These guarantees are required for professionals or companies wishing to be registered in certain professional registers or trade associations. The guarantee serves as assurance of compliance with professional obligations and ethical standards established by the register or association. In case of violation of such obligations, the guarantee may be cashed.
GUARANTEES FOR URBAN DEVELOPMENT: These guarantees are required by public authorities from property developers or developers to ensure the execution of urban development works related to a construction project. The guarantees ensure that urban development works are carried out in accordance with required standards and completed within established timelines. If the company fails to meet the obligations, the guarantee can be used to complete or rectify the urban development works.
GUARANTEES FOR ADVANCE PAYMENTS FOR APARTMENTS (LEGISLATIVE DECREE 122/05): These guarantees are required from buyers of properties under construction who make an advance payment. The guarantee ensures that the construction company fulfills its obligations to build and deliver the property. If the company fails to fulfill its obligations, the buyer can request a refund of the advance payment through the cashing of the guarantee.
GUARANTEES FOR CONTRACTUAL ADVANCE PAYMENTS (SCHEME 1.3 – LEGISLATIVE DECREE 50/2016): These guarantees are required in public procurement procedures to ensure the correct fulfillment of contractual obligations by the contractor. The guarantee covers the advance payment granted to the contractor. If the contractor fails to fulfill contractual obligations, the guarantee can be used to cover losses incurred by the public entity.
GUARANTEES FOR VAT REFUNDS: These guarantees are required from companies seeking an early refund of VAT paid on purchases. The guarantee ensures that the company will refund the advanced VAT in case it fails to fulfill declaration and payment obligations.
GUARANTEES FOR THE CONSTRUCTION OF WIND/SOLAR PLANTS: These guarantees are required from promoters or operators of wind or solar plants. The guarantee serves as assurance that the plant will be constructed and operated in accordance with relevant standards and permissions. In case of non-compliance, the guarantee can be cashed to cover the costs of adaptation or dismantling of the plant.
SURETY FOR FOREIGN ENTRY: These sureties are required by some countries as a condition for issuing visas or entry permits to foreign citizens. The surety ensures that the foreign citizen will comply with laws and regulations during their stay in the host country. In case of violation, the surety can be cashed to cover any damages or expenses incurred by the host country.
SURETIES AND FINANCIAL CAPACITY CERTIFICATES FOR TRANSPORTERS: These sureties are required from transporters to ensure they have the necessary financial resources to carry out their transport activities. The surety attests that the transporter is able to cover any damages or losses incurred during the transportation of goods.
SURETIES FOR WASTE DISPOSAL AND RECOVERY OPERATIONS: These sureties are required by competent authorities to ensure that companies managing waste disposal and recovery operations comply with environmental standards and carry out activities in accordance with applicable authorizations and regulations. The surety covers any environmental damages or cleanup costs.
SURETIES FOR CROSS-BORDER SHIPMENTS: These sureties are required in the international transport sector to ensure the proper fulfillment of obligations arising from cross-border shipments of goods. The surety covers any damages or breaches of shipping contracts.
GENERAL GUARANTEES IN FAVOR OF PUBLIC ADMINISTRATIONS: These guarantees are required by public administrations to ensure that companies fulfill their contractual or regulatory obligations. They may be required in various contractual or administrative situations to cover any damages or losses caused by non-compliance.
INSURANCE SOLUTIONS FOR THOSE WORKING IN THE CONSTRUCTION SECTOR
C.A.R. (CONSTRUCTION ALL RISKS) – ALL CONTRACTOR RISKS: This type of insurance covers the risks associated with the construction of a building or infrastructure project. This C.A.R. provides comprehensive coverage for accidental material damage, losses, or damages during the construction period. This may include damages caused by fires, explosions, natural events, structural failures, vandalism, and other unforeseen incidents.
C.A.R. (CONSTRUCTION ALL RISKS) – PUBLIC TENDER STANDARD SCHEME 2.3: This insurance product is specifically designed to cover the risks associated with public tender constructions. Scheme 2.3 refers to a standardized format of insurance policy that meets the specific requirements of public tenders. The insurance covers material damages and liabilities arising from the construction of public works, according to the terms and conditions established in the contract.
POSTHUMOUS TEN-YEAR INSURANCE PUBLIC TENDER STANDARD SCHEME 2.4: This posthumous ten-year insurance is mandatory for public tenders in accordance with scheme 2.4. It covers damages caused by serious defects or construction flaws that emerge within ten years from the delivery of the work. The insurance ensures that the contractor is liable for the costs of repair or any compensation following damages caused by construction defects.
POSTHUMOUS TEN-YEAR INSURANCE AS PER LEGISLATIVE DECREE 122/05: This posthumous ten-year insurance is regulated by Legislative Decree 122/05 and is mandatory for all private constructions in Italy. It covers serious damages or construction flaws that manifest within ten years from the delivery of the work. The insurance ensures that the contractor or builder is liable for the costs of repair or any compensation for damages caused by construction defects.
E.A.R. (ERECTION ALL RISKS) – ALL ERECTION RISKS: This type of insurance offers comprehensive coverage for risks associated with the erection of machinery, equipment, or industrial plants. The E.A.R. All Erection Risks insurance policy covers material damages, losses, or damages that may occur during the assembly and installation of such assets. This may include damages caused by assembly errors, mechanical failures, weather events, human errors, or other unforeseen incidents.
R.P.O. (REMOVAL AND PLACEMENT IN OPERATION): This type of insurance covers the risks associated with the removal, transportation, and placement in operation of components or materials during construction or renovation works. The R.P.O. insurance provides coverage for material damages or losses that may occur during these specific phases of the construction process.
RCT (CIVIL LIABILITY TO THIRD PARTIES): This insurance covers the insured’s civil liability towards third parties. In case of damages caused to third parties during the insured activities, the RCT policy provides financial coverage for any compensation claims or legal actions.
RCO (CIVIL LIABILITY TOWARDS EMPLOYEES): This insurance covers the insured’s civil liability towards their own employees. It guarantees financial coverage for compensation claims or legal actions by workers in case of injuries or damages suffered during the course of work activities.
INSTRUMENTAL LEASING: Instrumental leasing is a financial product that allows a company or an individual to obtain temporary use of an instrumental asset, such as equipment, machinery, or vehicles, in exchange for periodic rental payments. The insurance associated with instrumental leasing provides coverage for risks related to the use and management of the asset during the leasing period.
REAL ESTATE LEASING: Real estate leasing is a financial product that allows a company or an individual to obtain temporary use of a property, such as a building or property, in exchange for periodic rental payments. The insurance associated with real estate leasing covers risks related to the building or property during the lease period, such as material damages, civil liability, or financial losses.
Contacts and information
If you need to get in touch with our company, we invite you to write to commerciale@ibimga.it.
We are here to answer your questions, provide detailed information about our products and services, as well as assist you with your insurance needs.
Our sales team is ready to welcome your inquiries and offer personalized solutions for your specific requirements.
Feel free to contact us via email, and we will be happy to assist you in the quickest and most effective way possible.
IBI MGA SRL is an Italian company subject to the supervision of IVASS for the performance of insurance mediation activities referred to in Article 106 of Legislative Decree No. 209 of 7 September 2005.
Registered office: Via dell’Esperanto 71 – 00144 ROME
PEC (certified email): ibimga@legalmail.it
VAT number: 11982871003
REA number: RM-1341912
IVASS registration number: A000423768
Responsible for mediation activities: Francesco RIZZI (registration number: A000066892)
IBI MGA SRL 