About Credit Insurance
How does it work?
It is an effective financial risk management tool that safeguards your company against losses sustained arising from non-payment of trade related debts.
Credit Insurance ensures that your company is not adversely affected by the unforeseen failure of one or more of your customers; it is also a tool to help you manage your risks.
- Access to credit expertise and market knowledge from a worldwide leader in credit insurance.
- Effective, professional assessment of the financial situation of your customers,
- Indemnification of your unpaid debts
- Global debt collection services available worldwide for debt recovery
WHAT IS THE IMPACT OF AN UNPAID INVOICE ON YOUR TURNOVER?
25% of bankruptcies are due to unpaid invoices
You grant payment terms to your customers every day. And because it’s a routine way of doing business, you may not be thinking about the risk you’re taking.
But what happens when a customer defaults? When a business closes down? When a government suddenly forbids transfer of payments or declares a devaluation?
You might have never experienced any of these situations before, but you ought to know that 25% of bankruptcies are due to unpaid invoices.
How much of your total assets do unpaid invoices represent – and merit protecting?