Companies often face a dilemma: On the one hand, it is often impossible to reliably assess the creditworthiness of their own customers—even credit bureaus can only provide an initial assessment—while on the other hand, goods, assets, and services are supplied as part of their business operations—usually on credit. In doing so, companies effectively grant their customers an unsecured line of credit and bear the full risk of default. This situation makes efficient accounts receivable management considerably more difficult and can even threaten the company’s very existence in the event of payment defaults.

In such cases, trade credit insurance offers one of the safest and most flexible ways to protect receivables against payment defaults. It provides effective protection against the financial consequences of a bad debt and can be supplemented with top-up coverage or individual coverage to close any potential gaps in coverage. At the same time, professional accounts receivable management supports you.  

However, retroactive contestation of a claim that has already been settled can only be done through contestation insurance, which serves as a useful supplement to trade credit insurance.