Coface Credit Insurance
A credit insurance policy covers the unpaid credit balance from sales made to your customers.
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.
Coface provides a comprehensive line of credit insurance products to protect companies against potential non-payment by their customers, with cover provided in approximately 200 countries.
You extend credit to your customers every day and because it’s a routine way of doing business, you may not be thinking about the risk you’re taking.
What happens when a customer defaults?
What if the business closes?
Even if you've never experienced a loss before, it only takes one to greatly affect your bottom line and the future of your business.
With trade credit insurance from Coface, your business is protected against losses from bad customer debt, which affords you greater peace of mind to focus on your company’s success.
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. If you have a loss on an insured account, you will be indemnified according to the terms of your policy.
- LOWER BAD DEBT PROVISION
- PROTECT YOUR BALANCE SHEET
- REDUCE THE COST OF BAD DEBTS
- OPTIMISE YOUR CASH FLOW
Why Choose Coface?
TO BE WELL INFORMED:
Detailed analyses of the sector risks, geographical risks, tools that really work for monitoring and evaluating the risk of your clients defaulting.
TO TAKE THE RIGHT DECISIONS:
Advice and assistance from high-level experts well-versed in techniques for obtaining information, underwriting risks and recovering debts.
TO BE WELL SUPPORTED:
Strong capacity for dialogue and advice, particularly on the part of the sales staff, the underwriters and credit analysts.
TO BE ABLE TO ACT AT THE RIGHT TIME:
Highly responsive thanks to the physical proximity of the teams in the countries where you operate.
Our Solutions to suit your needs
Access to credit expertise and market knowledge from a worldwide leader
Effective, professional assessment of the financial situation of your customers, potential customers or other partners
Indemnification of your unpaid debts
Global debt collection services available worldwide for debt recovery
Protection available at competitive prices
From simple to more sophisticated offers
Gradual level of autonomy in the decision processes
A range of options to fit each of your needs e.g. pre-shipment risks, dispute cover, advance payment cover
Competitive prices based on:
Volume of the insurable turnover
Spread of risk
Destination of sale
Terms of payment
Type of cover requested