Insurance Guarantee for Debt Installment of Electricity and GAS

The recent “Aiuti Quater” decree, published in the Official Gazette on November 18, 2022includes an important measure to assist businesses with the high cost of utility bills through  theinstallment payment of energy bills.

The disproportionate increase in energy costs over recent months has indeed caused severe problems for businesses.

Energy providers do offer installment plans but only with a surety guarantee. In this context, SACE has organized a series of products to provide the necessary guarantees to companies for deferring energy debts, and also insures Italian insurance companies that intend to offer these guarantees to their clients.

SACE issues its own guarantees in favor of Italian Insurance Companies, thus making available the issuance of insurance guarantees in favor of businesses that consume a lot of energy, facilitating the installment payment of bills.

The SACE guarantee is explicit, unconditional, irrevocable, and covers the reimbursement of principal and interest, minus the commissions received for the same guarantees.

Who can subscribe?

The product is available to all VAT number holders.

What are the conditions to request the Insurance Guarantee?

The conditions are:

1. The granted installment for utility payments must not exceed 24 months.
2. The product is aimed at all companies with a turnover not exceeding 50 million euros.

How do I submit a request?

With us, it’s easy. Just send an email to info@italiafideiussioni.it and we will provide all the necessary information.

What documents are needed to process the application?

For companies:

1. Updated Chamber of Commerce Registration dated no more than 3 months ago

2. Official financial statements for the year 2021, with all attachments, and an updated economic and financial situation for 2022.

3. Identity Document and Tax Code of the legal representative

4. Identity documents, tax codes, and unique model of partners who are co-obligors
5. Installment agreement with the energy provider and a copy of the invoices

For sole proprietorships or partnerships:

1. Updated Chamber of Commerce Registration dated no more than 3 months ago

2. Identity Document, Tax Code, and unique model of the legal representative and partners
3.   Most recent tax return
4. Installment agreement with the energy provider and a copy of the invoices

For Professionals:

1. Identity Document, Tax Code, and unique model of the legal representative and partners
2.   Most recent tax return
3. Installment agreement with the energy provider and a copy of the invoices

How long does it take to receive a response to the request?

It only takes 2 days from when you send us the required documents.

Why should you turn to Italiafideiussioni? What experience do we have in the field?

The easiest way to understand is to read what our customers say about us:

Read here what our customers think; we have numerous positive reviews.