Alaska Self-Insurance, Parent Company Guarantee is a type of financial assurance that provides protection for businesses in Alaska against losses that may occur due to accidents, negligence, or other occurrences. It covers the cost of damages to the business’s property and/or employees, as well as legal fees and other associated costs. With this type of financial assurance, the parent company guarantees to pay for any losses that may arise. The two main types of Alaska Self-Insurance, Parent Company Guarantee are: • Corporate Guarantee: The corporate guarantee is backed by the parent company and provides protection for businesses in Alaska against losses from accidents, negligence, or other occurrences. The parent company agrees to pay for any damages resulting from these occurrences. • Trade Credit Guarantee: The trade credit guarantee is a type of financial assurance that provides protection for businesses in Alaska against losses that may occur due to the non-payment of goods or services provided by third-party vendors. The parent company agrees to pay for any unpaid invoices that may arise as a result of the non-payment of goods or services by the third-party vendor.