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Credit insurance |
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If you are not familiar with the concept, it may seem strange at first:
You sell. You invoice. You get paid? What is more normal than that! Why should there be a risk?
And yet your experience is different. Settlement of invoices is a daily concern for everyone with financial responsibilities. Even with the best organisation, sophisticated tracking systems and most up-to-date information you can never be sure of what the outcome could be.
In a majority of companies trade receivables account for up to 30-40% of the total assets in the balance sheet. It takes a lot of additional sales to compensate even a moderate loss. A major default can have a huge impact on your annual results, distort your balance sheet and sometimes threaten the survival of the company itself – it is one of the most frequent causes of bankruptcy.
That’s where we add value. We secure you by: |
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Insuring your company against the risk of non-payment, late payment and default by your client. |
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Helping you avoid non-payment. |
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Analyzing the creditworthiness of your clients, recommending of credit terms and limits based on their financial position.
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Assisting you to collect the money if you are not paid in time.
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Paying up to 90% of the outstanding if you are not paid in full after a certain period. |
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