Credit Insurance
Whatever your company is like, we have a solution to help you grow your business.
What is Credit Insurance? Whatever your company is like, we have a solution to help you grow your business.
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What is credit insurance?
Credit insurance covers companies’ risks of non-payment derived from the sale of products and services in the domestic and foreign markets. It is a tool that puts companies in a more solid position to compete in the market to cover their commercial risks.
Commercial risks are those which arise in the course of trade. Mainly pertain to breaches by private entities and are most typically found in bankruptcy and administration situations.
Commercial risks are those which arise in the course of trade. Mainly pertain to breaches by private entities and are most typically found in bankruptcy and administration situations.
- De facto insolvency: protracted default.
- Insolvency in law: bankruptcy, administration, etc.
When considering taking out an insurance policy, it is necessary to bear in mind that the overall cost of Cesce’s credit insurance include, besides the right to compensation for the insured sales, the costs of managing the collection.
Cesce offers various credit insurance solutions with total or partial coverage options to offer flexibility and respond to companies’ needs.
Cesce offers various credit insurance solutions with total or partial coverage options to offer flexibility and respond to companies’ needs.
How does credit insurance work?
Cesce, as an insurer, analyses each of the insureds’ current or potential customers and classifies their risks; it can thus determine what transactions may be covered and for what amount against the total, according to the policy’s guarantees.
Features of Cesce credit insurance: Guarantees and coverage
Cesce’s range of credit insurance is adapted to the needs of your company in terms of volume of customers to be insured (the whole portfolio or a limited number), level of coverage of the guarantee or applicable premium rate (fixed or variable). It also allows access to other added services:
- Risk analysis and management: real-time classification of customers and alerts to changes in their solvency.
- Alternatives for obtaining bank and non-bank financing.
- Information about Country Risk so you know the political and commercial risks abroad.
- Market research service for commercial growth.
- Professional, specialist recovery management.
- Comprehensive online policy management from the CESNET platform.
Features of Cesce credit insurance: Guarantees and coverage
Cesce’s range of credit insurance is adapted to the needs of your company in terms of volume of customers to be insured (the whole portfolio or a limited number), level of coverage of the guarantee or applicable premium rate (fixed or variable). It also allows access to other added services:
- Risk analysis and management: real-time classification of customers and alerts to changes in their solvency.
- Alternatives for obtaining bank and non-bank financing.
- Information about Country Risk so you know the political and commercial risks abroad.
- Market research service for commercial growth.
- Professional, specialist recovery management.
- Comprehensive online policy management from the CESNET platform.
What would the financial consequences of default be for your company?
Companies may suffer defaults in the course of their trade, insofar as routine deferred payment entails risks of various kinds. Taking out credit insurances for companies allows you to handle these risks without compromising financial stability.
Advantages of taking out credit insurance: How can it help you?
The main advantages of taking out credit insurance for companies are that you know the up-to-date financial situation of your customer portfolio and their risk classification, professional assistance in recovering defaulted amounts, as well as an indemnity guarantee if default occurs in the end.
Besides preventing the default risk, the associated Risk Management service makes it possible to develop a stable commercial portfolio and the financing support services (whether bank or non-bank) allow you to resolve occasional cash flow problems, thus achieving a balanced structure on the balance sheet.
Advantages for companies that take out credit insurance:
Besides preventing the default risk, the associated Risk Management service makes it possible to develop a stable commercial portfolio and the financing support services (whether bank or non-bank) allow you to resolve occasional cash flow problems, thus achieving a balanced structure on the balance sheet.
Advantages for companies that take out credit insurance:
- They will have better information about their debtors.
- They will be protected against possible defaults that may affect their profit and loss account..
- In the event of default, besides receiving an indemnity, they will have a network of experts in collection management..
- The indemnity of the insured amounts constitutes a cash contribution for companies.
- They will have access to financing through the various invoice discount services Cesce offers.
What does credit insurance cost?
The conditions and the cost of the premium vary according to the volume of the portfolio of insured customers, the risk attributable to each and the coverage required. There are, moreover, various fixed-rate or variable-rate products.
Cesce commercial and agent network can help you to find the product best suited to your needs and the rates associated with each..
Complete the contact form and we’ll get in touch with you as soon as possible.
Cesce commercial and agent network can help you to find the product best suited to your needs and the rates associated with each..
Complete the contact form and we’ll get in touch with you as soon as possible.
What type of credit insurance do you need?
Each company’s coverage needs are different, but the range of credit insurance Cesce offers allows you to manage any type of customer portfolio effectively.
From an SME, which may require specific coverage, to larger companies that have a more developed default management system. With our solution comparison tool
you’ll easily find an insurance policy that best suits your turnover and required coverage conditions.
You can also browse our solution search engine so that we can assist you in the process of finding the product that best suits your needs.
From an SME, which may require specific coverage, to larger companies that have a more developed default management system. With our solution comparison tool
you’ll easily find an insurance policy that best suits your turnover and required coverage conditions.
You can also browse our solution search engine so that we can assist you in the process of finding the product that best suits your needs.
Contact us
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We’ll be delighted to help you.
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