Grant insurance
Protection against penalties and grant clawbacks
Access European funds without fear of corrections
Obtaining a grant is challenging, but retaining it can be even harder. Complex conditions, changing interpretations of rules, and strict audits create an environment where even a minor administrative error can lead to an obligation to repay millions of crowns. Grant insurance acts as a safety net for your cash flow.
Assurance for grant projects
Protection against levies for breach of rules
The insurance covers financial losses arising from the assessment of a levy for breach of budgetary discipline. It applies to unintentional errors in tender procedures, errors in accounting for eligible expenses, or non-compliance with monitoring indicators, which are discovered during an audit (e.g., by the tax authority or grant provider) even years after project completion.
Coverage for statutory bodies
If a grant is reduced or has to be repaid, the responsibility often falls on the management of the company or municipality. Insurance thus indirectly protects statutory bodies from personal liability for damages caused to the entity that received the grant.
How Eurovalley can help you
Let's talk about grant insurance
Obtaining a grant is challenging, but retaining it can be even harder. Complex conditions, changing interpretations of rules, and strict audits create an environment where even a minor administrative error can lead to an obligation to repay millions of crowns. Grant insurance acts as a safety net for your cash flow.
