Insure your company assets against fraudulent activities – fidelity insurance protects a company’s financial losses that may occur through an employee’s criminal activities or third party cyber risk.
Where traditional credit insurance cover ceases, fidelity insurance begins: protect your company from fraud, embezzlement, betrayal of secrets or deliberate breach of duty by your employees. Third party losses which threaten your organisation can also be insured, in particular, cases of fraud such as fake president fraud, phishing or pharming which are becoming increasingly frequent in our digitally connected corporate world.
In practice, the losses which occur can be quite different but nevertheless existentially threatening for a company. Whereas the typical losses covered by classic fidelity insurance – like employee fraud – may go unnoticed for years, cyber losses are usually one-off events. Depending on how the fidelity insurance is structured, both types of loss may be insured. However, internet and computer problems resulting in business interruption are excluded because fidelity insurance covers premeditated illegal activities.
Fidelity insurance offers a variety of individual components which can be combined to create customised insurance cover. The varying loss scenarios demonstrate that fidelity insurance is a multifaceted product which needs to be closely tailored to your needs and individual insurance cover. A lot of insurers offer their clients customised special clauses and additionally all providers apply sub-limits for various insurance events. Maintaining an overview of all this and finding the best offers requires extensive specialist knowledge. As well as this, we aim to advise and support you over the long term, beyond just the contract completion, we’ll help you right through to dealing with claims in the event of any loss.
Our areas of expertise
Optimise your risk management and secure your debts against payment defaults.
With the help of purchase financing you can ensure you get early payment discounts and rebates without being constrained by deadlines.
Through trade financing you can secure liquidity for trade and protect yourself against economic and political risks.
Using inventory financing you can convert your tied up capital in inventory into additional liquidity.
As with factoring, you sell your account receivables through forfaiting. Thereby profiting from additional liquidity and protecting you from bad debt.
Longer credit periods for the buyer, faster liquidity for the suppliers – with reverse factoring both profit.
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.
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.
As your business grows so does your financing requirement. We can help you to get additional credit lines from banks.
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.
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.
Guarantee and surety insurance
With guarantee and surety insurance, the insurer undertakes warranties, guarantees and similar sureties in order to fulfil your liabilities.
Additional Top-up cover helps to avoid shortfalls in credit insurance policies.
Single-buyer credit insurance protects you against the default risk of individual buyers.
The multi-buyer policy is a special type of credit insurance which allows you to insure a selected group of clients.
Preferential payment insurance
Protect yourself with retrospective coverage against insolvency disputes.
A lot of business transactions are based on trust. Insure your company against abuse of this trust from personnel or fraudulent internet crime.