Firstcaution SA (MLFIR)

Overview

FirstCaution SA is an insurance company specialized in offering rental deposit guarantees for both private and commercial leases across Switzerland. Established in 2008 and headquartered in Nyon, Switzerland, the company has carved a niche for itself in the real estate and insurance sectors by providing an alternative to traditional cash deposit schemes. Initially a subsidiary of Global Equities Compagnie Financière, it now operates under the umbrella of Compagnie du Mont-Cervin SA. FirstCaution SA prides itself on its collaboration with professionals across property, insurance, and financial markets, thereby ensuring a comprehensive and reliable service for landlords and tenants alike.

Products and Services

• Commercial Lease Deposit:

  This product caters specifically to business customers, offering them security in their commercial leasing agreements. It provides a guarantee to landlords on behalf of the tenant, thereby eliminating the need for a traditional cash deposit. This is particularly beneficial for businesses looking to manage their cash flow more effectively.

• Combined Cash Deposit and Guarantee:

  FirstCaution SA allows for a combination of cash deposit and guarantee, offering flexibility to businesses that might not want or be able to lock away a significant amount of capital as a security deposit. This hybrid approach provides an accommodating solution for various financial positions and preferences.

• Individual Risk Assessment Products:

  Understanding that every business is unique, FirstCaution SA provides individual risk assessment products. These products are tailored to the specific needs and risk profiles of business customers, ensuring a bespoke guarantee solution that aligns with their specific requirements.

• Guarantees for Residential or Commercial Leases of Private Customers:

  Apart from catering to the business sector, FirstCaution SA also provides rental deposit guarantees for private customers. Whether for residential or commercial leases, these guarantees serve as an alternative to traditional deposit schemes, facilitating easier and more streamlined lease agreements for private individuals.

• Deposit Guarantees for Offices and/or Work Premises:

  Focusing on the needs of companies requiring offices or work premises, FirstCaution SA extends its guarantee services to cover deposits for these types of properties as well. This service is invaluable for businesses looking to secure their operational space without the hefty upfront costs of a traditional deposit.

• Sub-let Lease Agreement Guarantees:

  This service addresses the specific challenges associated with sub-letting properties. FirstCaution SA provides guarantees for sub-let lease agreements, offering peace of mind to both the sub-lessor and the sub-lessee by securing the deposit agreement without the need for cash upfront.