What is credit insurance?
Credit insurance – also known as trade credit insurance – covers your outstanding receivables and protects your company against defaults on receivables. After all, when customers fail to pay their bills, this can quickly become a problem for any company. With credit insurance, you can ensure secure payment flows, even when bills remain unpaid or are paid late. In turn, this ensures that your cash flow remains secure. We also keep you up to date on your customers at all times and check their credit standing so that you can do business with confidence.
Why does it make sense to take out credit insurance?
It is always worth taking out credit insurance if you need to protect yourself against the insolvency of your customers. Credit losses can easily set off a chain reaction and in some circumstances the insolvent customer may even drag its creditors, including your company, down with it – depending on how high the receivables are. We particularly recommend insurance cover when the amounts in question are high enough to pose a risk to your company’s existence.
Who is credit insurance appropriate for?
For companies that work with customers and other business partners, credit insurance offers an effective form of protection against possible credit losses and guarantees their liquidity in the event of the debtors’ insolvency.
We have solutions for companies of all sizes, from very small to very large.
The right solution for your needs