Through Credit Insurance the most crucial part of any business is protected, the account receivables.

Customer Credit is a fact of business life. So is the fact that every now and then a company will default on their commitment. For companies operating in the B2B market, Credit Insurance is the first and foremost line of defence. Simply put it provides cover against losses arising from the sale and delivery of a physical product and/or the rendering of a service on credit terms in a business to business relationship.

The Globalliance policy, targeted at companies seeking to outsource all or part of their credit risk management, is the centrepiece of Coface’s global credit insurance offering. Coface’s modular design provides solutions to cover risks such as pre-shipment cover, (WIP & manufacturing risk), consignment stock trading, binding & pending orders, major buyer cover and catastrophe cover.

The cover can be tailored to the needs of every company, irrespective of its size, structure, industry classification, geographic location and default-protection requirements (customer and country risk).

Credit Insurance not only ensures that a company is not adversely or fatally affected by the unforeseen failure of a customer (or customers), but is also a management tool to the flow of business decisions.

Some of the additional benefits of credit insurance are:

An essential tool in preparing financial budgets with confidence.

Assists cash-flow management.

Assists the long-term growth and security of a business.

Provides balance sheet protection from the adverse effects of a bad debt.

Includes an independent review of the risk profile of your principal trading partners.