Credit Insurance
Objectives and Benefits
- Protects the most valuable asset of the balance sheet against the risk of unpaid trade receivables.
- Facilitates secure entry into new markets and customers.
- Supports the creation of the right customer portfolio
- Can be used as a debt instrument for the company
- Increases the value of the company by increasing the quality of receivables
Risks Assured:
- Bankruptcy
- Political Risks
- Third Country Risks
- Default
Claims Which Are Not Covered
Overdue interest after original invoice term
Penalties or losses other than the amount of debt
Banking expenses, expenses for settlement of dispute
Receivables from sales to affiliated partners
Receivables from sales to private individuals