If you’re concerned about bad debts, we are here to help you. The Simplicity policy is an insurance to protect small and medium-sized companies with a turnover up to € 5 million against the risks of unpaid invoices. With Simplicity you beneft from a very simple solution at a fixed price.
Scope: Simplicity covers your customers in Belgium and in 28 other countries for all debts over € 250 payment terms of 90 days after invoice date.
Insurance premium: The amount of your insurance premium and the maximum amount indemnity per year and per client are calculated in function of your annual turnover.
Standard cover: All your invoices are automatically covered at 60 % up to the maximum amount of indemnity. Remember, there is no excess on these policies.
Additional cover: If you want for one or several customers a better coverage, let us evaluate your customers and get up to 90 % cover.
Unpaid invoices: When you have unpaid invoices, we manage the recovery of your unpaid invoices.
Indemnity: If your customers become insolvent or fall into protracted default, you will be indemnified according to the terms of your contract.
As an entrepreneur you are constantly striving to build your business. Every day you make decisions that combine the challenges of chasing opportunities with managing risks. If a customer fails to pay, the consequences can be serious – the survival of your business may even be jeopardized. As a major player in trade credit insurance, guarantee and fraud cover, we work closely with small and medium-sized companies that are investing for growth. We have listened to your needs and responded with insurance policies made the way you want them. Simplicity is trade credit insurance for entrepreneurs who manage risk professionally and grow their businesses with confidence. A short and simple application process makes life easier. Structured prices mean you can quickly work out the cost for your business and see the value you will gain.