​Major construction contracts are often carried out by a consortium (joint venture) – which involves particular risk the companies participating in such a joint venture. Euler Hermes has long-standing experience of joint ventures and offers special joint venture bonds for the construction industry which take account of their needs.
These include arrangements to secure the internal liabilities of the companies towards each other. Euler Hermes provides a system at very favourable prices which avoids charging twice for premium and risk liability.​