I need help with trade credit insurance

Trade credit insurance protects you against the risk of non-payment of your business customers in Belgium and abroad. You are informed in real time of the financial situation of your customers. In case of non-payment, you benefit from targeted recovery actions and will be
compensated within the conditions of your policy. Even if your claim is not recovered, you benefit compensation, also within the conditions of your policy.

The premium is calculated according to the turnover that you realize with private companies and according to the way you trade. The
premium is based on a percentage of your sales, generally below 1%. This amount varies according to the sector of activity or the type of cover you choose.

Remember that premiums go up or down from year to year. They are affected by the losses you have experienced in the past, the customers you deal with and the sector you work in. Covering political risk as well as trade risk costs more. We calculate the best price for your situation so that these factors and your needs are taken into account.

Just a few instances of failure to pay can compromise your cash flow and have a considerable impact on the health of your business.

For example, if you have a 5% profit margin and you suffer a € 100,000 debt, you will need to win sales of € 2 million to make up for the lost profits.   

In addition, your financial position can be weakened by bad debts through different potential case scenarios.. For example, in the case your cash flow might be affected, you will have less capacity for investment. Banks and financial providers  could charge you higher interest. The morale of your employees may be affected if they become worried about their future in the business.

Consider these effects and what they might cost when you think about the value you will gain from trade credit insurance. 

Yes.  Exporters concerned about political events can also benefit from a cover in the case of a non-payment as a direct result of political events in the buyer’s country.  Typical situations can be war or cancellation of a contract by the local government.  Another example  can be when a government imposes rules that stop goods to be exported or imported or when regulations prevent hard currency transfers.

Whatever the size of your company, you can optimize the management of your customer risk with a trade credit insurance adapted to your needs. You can thus sell on credit safely, without fearing the consequences of unpaid on your cash flow.

Every business can benefit from good credit management.  Trade credit insurance is one of the most important tools for that purpose.  If you are selling on open account terms to other businesses then trade credit insurance could bring many benefits.  Even if you trade on other terms, we have services that can support and strengthen your trading activity.

We have designed a range of trade credit offers for different types of business and transactions.  Please get in touch with us to discuss what would be most suitable for you.

If you work in a small business with a turnover of at least € 50.000, there is a simple offer adapted to your needs.

We have designed a range of trade credit offers for different types of business and transactions.  Please get in touch with us to discuss what would be most suitable for you.

Even if you have a strong relationship with your customers, they are not protected from financial difficulties

Monitoring the financial health of your clients and assessing the risk of non-payment requires real expertise in data collection and analysis. We propose you our expertise to protect your company and develop your business.  

Yes, we have experience in supporting long-term transactions, for example, multi-year contracts. Get in touch with us and tell us what you need. We will be pleased to give you our recommendations. 

There are many benefits to trade credit insurance.  If you have just started with trade credit insurance, it can be useful to review your processes and procedures so that you gain the greatest value from your policy.  We can advise you on best practices as well. Here are some benefits:

1. Benefit from constant monitoring of the financial situation of business customers and prospects
2. Gain responsiveness in accepting new orders
3. Discharge the recovery of the invoices
4. Optimize the recovery rate of outstanding receivables
5. Minimize administrative management costs
6. Preserve the profitability of the company
7. Benefit from expertise of risk professionals
8. Manage the customer portfolio by opting for security
9. Strengthen your cash flow by insuring invoices so that you can be indemnified for non-payment
10. Identify the risks as well as opportunities on new markets