Supplement your credit insurance
Four good reasons to choose “TopLiner”
- Supplemental cover for a development project
- A custom-built offer for a period (30 to 90 days) and amount of your choosing ($6,000-$6 million)
- A price adjusted to your request
- Simple online subscription
Reserved for “Credit Insurance” clients, “TopLiner” is a supplemental cover.
It is designed for situations where, for a given buyer, the insured company has received a guarantee with an amount which is less than that requested or no guarantee at all. The price depends on the risk assessment and the duration of the requested cover.
“TopLiner” is particularly sought-after by companies looking to obtain insurance to cover a high-priority or highly profitable development project.
Additional Cover - Case Study
A Singaporean textile company has been a credit insurance client of Coface for 4 years. The company recently expanded its export markets to Latin America and some other South Asian countries. With the support of credit insurance, the company has been able to provide competitive credit terms and win over new customers from more established competitors.
The company was approached by a big retail distribution company in Paraguay for a US $1 million purchase with credit terms of 90 days. Coface could only offer a credit limit of half of this as a result of the political uncertainty in the country. The company was eager to win the deal as it would increase annual turnover by 10% and would be their first client from Paraguay.
The company thus applied for a “TopLiner” quote for a supplementary guarantee. Although an additional premium was required, the deal went through with a margin ten times higher than the cost of the “TopLiner” guarantee.