Coface provides a comprehensive line of credit insurance to protect companies against potential non-payment by their customers, with cover provided in approximately 200 countries.
A credit insurance policy covers the unpaid credit balance from sales made to your customers. Whether you choose to protect your domestic or export business, you are able to minimise the risks associated with a customer's insolvency or delayed payment.
Credit insurance from Coface is a powerful tool that combines the information and protection you need to mitigate the risk of non-payment. And, if you do have a loss on an insured account, you will be indemnified according to the terms of your policy.
Benefits of Insuring with Coface"
- Safer business growth - Grow with greater confidence by extending more credit and by being more flexible with credit terms. Avoid the hassle of using letters of credit when doing business abroad.
- Critical information about customers and potential customers - Coface tracks over 50 million companies worldwide. This extensive scope of information gives you access to the detailed knowledge you need when deciding to extend credit or determining credit terms.
- Better borrowing terms - Lenders and financial institutions look favourably on insured receivables.
YOU WANT TO AVOID LOSSES. IT'S THAT SIMPLE.
How does credit insurance work?
A company covers all or a majority of its business, and may choose to cover export, domestic or both types of accounts. In addition, Coface South Africa offers policies on either a turnover or outstanding book basis, depending on your individual portfolio and standard terms. Policyholders are eligible to file a claim when a customer is insolvent or financially unable to pay the outstanding balance owed.
How do I go about getting a quote?
The rates quoted take all aspects of your business into consideration, such as the industry in which you operate, turnover and bad debt history, spread of risk across your portfolio and quality of buyers with which you trade. An application for credit insurance is available on our website, which once completed can be sent to us along with your latest month end age analysis or alternatively contact one of our sales executives.
OUR OFFERS TAILORED TO YOUR NEEDS
A credit insurance policy covers the unpaid credit balance from sales made to your customers. Whether you choose to protect your domestic or export business, you are able to minimise the risks associated with a customer's insolvency or delayed payment. Credit insurance from Coface is a powerful tool that combines the information and protection you need to mitigate the risk of non-payment.
TradeLiner is a comprehensive credit insurance solution which protects companies from the unnecessary cost and inconvenience of late payment and customer insolvency. It offers solid cash flow protection and efficient credit management support to bring you peace of mind, financial stability and ultimately facilitate the healthy growth of your business.
With just a single contract, you receive supplemental cover that does not affect the terms and conditions attached to the primary credit insurance policy. No declaration is required for the premium calculation and the complementary cover is granted without any additional credit limit fees.