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Our policies cover the outstanding trade receivables owed to you by your buyers. If your buyer cannot pay because of insolvency, protracted default or other insurable risks Euler Hermes will pay instead.
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We help to eliminate bad debts from your Profit & Loss account and Balance Sheet. Because you are protected you can deal with your buyers on an open account basis rather than using Letters of Credit or other forms of banking instruments. This has the extra benefits of making your products more competitive and allowing your negotiations on terms of credit more flexible.
We focus on short term (up to 180 days) trade credit but will examine longer term structures.
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| Whole Turnover Policy |
- covers all your turnover
- up to 90% protection for loss of receivables
- provides risk management advice on new and existing buyers
- optional extensions for political risks and work-in-progress
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| Excess of Loss Policy |
| Similar to the whole turnover policy however cover is focused upon high level losses above an amount acceptable to you each year. |
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| Flexibility |
| At Euler Hermes we are able to be extremely flexible in the structure of our policies. We tailor-make these to your needs and are prepared to adapt to fit the contractual obligations of your trade arrangements. |
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