INSURANCE AGAINST BAD DEBT
Providing goods or services always implies the risk of default of payment or non-payment by the customer. This risk may constitute a crucial problem for the further existence of a company. Especially for big business deals with a short term of payment it is advisable to insure receivables with a commercial credit insurance in order to avoid a shortage in liquidity or loss in revenue. Additionally, a bad debt insurance enables you to decrease your provision for credit loss and hence to boost your company’s growth. We elaborate flexible, integral and individual insurance solutions for you, which minimize your credit risk and best suit your needs.
TYPICAL EXAMPLES OF DAMAGE
A new customer orders goods worth 10,000 euros on account. Delivery to the company address of the customer takes place. Shortly thereafter the customer declares insolvency. The bill is never paid.
Somebody orders a huge amount of personalized items for an event. The production company starts production. However, the event gets cancelled after half of the amount of items have been produced. The organizer cannot pay the bill because the event was cancelled. The production company never gets paid.
Protection in case of inability to pay (insolvency) of the customer
Protection against default in payment, operating costs as well as production costs
Debt collection service
Ongoing credit assessment and customer monitoring
Special protection for individual transactions or customers
YOUR CONTACT:
ROLAND PEDAK
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