Extending more credit often goes hand-in-hand with increased risk. That’s why Euler Hermes offers CAP, CAP+ and Power CAP—to provide coverage beyond what’s available through your existing Euler Hermes policy—so you can make the most of every sales opportunity.
Coverage when it counts
CAP programs are a set of credit insurance products that can be endorsed to your existing Euler Hermes policy, enabling you to purchase additional coverage on credit limits that have been fully or partially declined. Our primary objective is to offer the most coverage under your existing policy, but there are situations where you have a need for coverage on higher risk buyers or those buyers for which limited information is available. These products allow you to make strategic trading decisions while maintaining sound financial management.
How does coverage work?
- Terms of the program mirror your existing Euler Hermes credit insurance policy
- Both domestic and export markets are covered
- Coverage is available for as few as 3 months, or as long as you need the limit
- Policy deductible is not applied to CAP claims
- Policy loss ratio is not impacted by CAP claims
- Not all buyers are eligible
Choose the CAP product that meets your needs.
||Situation||Limit Size||Price||Where to Request Coverage||Fees|
|CAP+||Declined credit limits||Up to $75,000||6% per year (or 0.5% per month) of the value of the limit||EOLIS online policy management system||One time $25 credit limit fee|
|CAP||Partially approved or reduced limits||Up to $3,000,000||2% per year (or 0.167% per month) of the value of the limit||EOLIS online policy management system||One time $25 credit limit fee|
|Power CAP||Any large coverage need||Up to $3,000,000||Variable depending on several risk factors||Directly through EH representative||No credit limit fee|