Credit Insurance
Credit insurance is one of the safest and most flexible tools available to protect your receivables against potential payment defaults. With it, you no longer need to worry about unpaid invoices.
Although it is impossible for a business owner today to reliably answer the crucial question of their customers’ creditworthiness, they still supply goods, assets, and services and, through their existing accounts receivable, effectively provide their customers with a blank check. Credit insurance offers highly effective protection against risks and bad debts that are, in effect, impossible to calculate. It provides effective coverage for short-term receivables. At the same time, it supports accounts receivable management.
However, it’s difficult to compare the offerings from different insurers: New products are constantly being introduced, the terms and conditions are becoming more complex, and numerous special clauses make it even harder to get a clear picture. Work with a partner who can find the best credit insurer for your needs and secure the best terms for you.
Why us?
Decades of experience have given us a deep insight into the credit insurance world. We can find individual solutions which are an exact fit for every industry and company size. Whether you need new protection cover or want to know if your existing policy still meets your needs: you can benefit from our expert knowledge.
Our aim is to arrange the greatest possible cover and the optimal form of contract at the best price. Through our international network, CREDEA, we can offer you a larger variety of international insurance options through our network of partners.
Our areas of expertise
Credit Insurance
Optimise your risk management and secure your debts against payment defaults.
Purchasing Financing
With the help of purchase financing you can ensure you get early payment discounts and rebates without being constrained by deadlines.
trade finance
Through trade financing you can secure liquidity for trade and protect yourself against economic and political risks.
Inventory Financing
Using inventory financing you can convert your tied up capital in inventory into additional liquidity.
Forfaiting
As with factoring, you sell your account receivables through forfaiting. Thereby profiting from additional liquidity and protecting you from bad debt.
Reverse factoring
Longer credit periods for the buyer, faster liquidity for the suppliers – with reverse factoring both profit.
Factoring
With factoring you can convert your account receivables into direct liquidity and create financial freedom for your company. Additionally, you are protecting yourself against bad debt.
Leasing
Through leasing, capital goods – from production machinery through to IT systems – are not purchased but instead can be used over time. As there are no purchasing costs, leasing protects the liquidity.
Checking Account
As your business grows so does your financing requirement. We can help you to get additional credit lines from banks.
Debt collection
Not all invoices are paid within the due date – in these situations debt collection companies can help you with the dunning process right through to legal foreclosure.
Credit referencing
Trust is good but knowing in advance is better: avoid payment defaults and get credit references and credit worthiness reports about your business partner.
Capital goods credit insurance
Using capital goods credit insurance, safeguard production risks as well as lengthy credit periods.
Sureties / Guarantees
With guarantee and surety insurance, the insurer undertakes warranties, guarantees and similar sureties in order to fulfil your liabilities.
Top-Up Coverage
Additional Top-up cover helps to avoid shortfalls in credit insurance policies.
Single Buyer
Single-buyer credit insurance protects you against the default risk of individual buyers.
Multi-Buyer
The multi-buyer policy is a special type of credit insurance which allows you to insure a selected group of clients.
Contestation Insurance
Protect yourself with retrospective coverage against insolvency disputes.
Fiduciary Liability Insurance
A lot of business transactions are based on trust. Insure your company against abuse of this trust from personnel or fraudulent internet crime.