Trade credit insurance
The trade credit insurance offers protection to the companies in case of not cashing in time the receivables. The company who owns the trade credit insurance can transfer the risk of not cashing the invoices to the insurer in 2 situations:
- Buyer bankruptcy
- Failure to pay more than 6 months
This form of insurance is popular among manufacturers and distributors and can be domestic or for exportation.
How do you get a trade credit insurance?
First of all, the trade credit insurance policy is issued based on the service contract or on the works contract. After that, we will provide you with a form that you will fill and present to your broker. This insurance questionnaire will have to include all necessary information for preparing the insurance offer.
Advantages of the trade credit insurance:
- payment discipline of customer behavior;
- taking new clients becomes easier because of credit limits
- offers complete services of credit management
Calculate on your own the performance of the trade credit insurance.