Risks such as non-payment and bankruptcy can be covered by credit insurances.
In addition to mere credit insurance coverage, e.g. compensation of loss incurred due to unpaid trade receivables, a credit insurer also collects overdue invoices and helps you identify doubtful accounts in advance.
In most sectors, commercial credit is essential to do business, but it is sometimes difficult to assess the risks involved. Whether or not granting your clients deferment of payment can often lead to heated discussions between salesmen and financial directors. In these cases, it really pays off to call in the help of an independent arbiter who takes the decision and immediately takes over the credit risk! Having a good credit insurance policy is definitely not a luxury when your company, for example, ventures into new markets.
Reliable commercial advice and sound follow-up procedures form the basis of debt monitoring. It is essential to systematically monitor and follow up on debts and to take immediate action in the event of payment delays or other negative indicators in order to salvage what you can. Despite all precautions and efforts, things may turn out badly, and if that is the case, the insurer will compensate up to 90% of the bad debts.
As independent insurance broker, RiskSolutions always helps you make the right choice with respect to credit insurance.
We first determine an insurance strategy together with you, which is adapted to your activities and your undertaking, and use it as a basis to compare the solutions offered by the leading insurers Atradius, Coface and Euler Hermes.
Would you like to know how we can make a difference for your credit insurance, then please contact Wim de Dobbeleer by calling the number +32 (0)16 80 45 16 or sending an e-mail to: firstname.lastname@example.org