What is credit insurance?

With a credit insurance policy you can be sure that you will be paid for your products or services, even in the event of a bankruptcy of your customer. When your customer does not pay, we will pay you compensation.

This allows you to safely conquer new markets, encourage existing customers to pay on time and increase your financing options at the bank. 

 

A credit insurance policy is a 3-in-1 solution:

1.       Trade information

We analyse your customers, prospects and suppliers, and assess their financial health. In a nutshell, this means that we calculate the extent of the risk that a company will not or no longer pay your invoice. But we do more than just a one-off analysis. We continue to monitor your customers. In this way we can proactively warn you when the payment risk increases.

2.        Debt collection

Euler Hermes has professional debt collection services in Belgium and in 176 other countries. We can monitor and recover your unpaid invoices anywhere in the world. This means that you can focus on the growth of your business. Debt collection is started when you require this. You maintain control. That is important because your customer relationship is key to us.

3.       Compensation

We are committed to collect all your payments within 60 days. If we are unable to do so, we will pay you compensation of up to 90% of your unpaid invoice. In this way your turnover is guaranteed.

 

Is credit insurance something for you?

If the answer to one of the following questions is "Yes", credit insurance may be of help to you:

  1. Are your customers in arrears?
  2. Do you need new customers?
  3. Do you have to give your customers extended payment terms?
  4. Is your turnover increasing?
  5. Are you exporting?
  6. Do you require more financing from your bank?
  7. Is the number of bankruptcies in your sector increasing?
  8. Do you not have sufficient time to follow up late payments?
  9.  

The 5 most common reasons why businesses opt for credit insurance

  1. I would like to restrict the risk of unpaid invoices and defaulters.
  2. I would like to guarantee my turnover.
  3. My profit margin is too small to absorb losses.
  4. I have a lot of customers at home and abroad.
  5. I need more financing from my bank.

benefits

>> The benefits of credit insurance

 

types
>> Types of credit insurance

 

Would you like to know what a credit insurance policy of Euler Hermes can do for your company? We will gladly listen to your needs to compose your ideal credit insurance policy. You can contact our business managers on +32 (0)2 289 31 11 or at info.belgium@eulerhermes.com.