A credit insurance is a specific coverage for independents and SME's selling goods or services on credit. This product offers a robust protection against customer's default of payments. Proposing this product per se as well as a factoring package, we can help you with a tailored offer.
Every company allowing customers to pay with a delay (usually 30 or 90 days) creates a risk that the customer won't pay its 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 precice terms of this compensation will depend largely on the contrat conditions.
More than just a product, the credit insurance is usually part of a broad series of solution aimed at improving the overall liquidity whilst at the same time protecting the company against unpaid. Those products, usually proposed by a factor, usually include:
You own an SME or you are self-employed as an independent? Unpaid invoices is an ongoing issue in your business? You would like to protect your company or improve your working capital? Arrange a non-binding personal consultation with our advisor who will help you with a tailored offer!Online request