A credit insurance is a specific coverage for independents and SME selling goods or services on credit. This product offers a robust protection against customer's payment default. We can help you with a tailored offer, we propose you this product as well as a factoring package.
A company allowing customers to pay with a delay (usually 30 or 90 days) creates a risk that customers won't pay their invoice. This commercial risk (or del credere risk) occurs if:
If the risk occurs, the credit insurance will offer compensation to the insured company. The precise term of this compensation will depend largely on the contract conditions.
More than just a product, the credit insurance is usually part of a broad series of solutions aimed at improving the overall liquidity while at the same time protecting the company against unpaid invoices. Those products, usually proposed by a factor include:
Are you an SME owner or an independent? Unpaid invoices is an ongoing issue in your business? Would you like to protect your company or improve your working capital? Arrange a non-binding personal consultation with our adviser who will help you with a tailored offer!Online request