Credit insurance premium

The credit insurance premium is a percentage of insurable revenues or insured customer receivables.
Insurable revenue consists of customers (except individual customers, public customers and customers without coverage).
The premium is also dependent on the type of activity and the countries of operation for export.
The costs of studying the file, monitoring costs and costs in the event of a dispute are also taken into account.
Insurance companies generally charge flat-rate fees for solvency monitoring and investigations for all new claims for outstanding amounts.

The credit insurance premium is calculated in 2 ways:
– or by an annual declaration of insurable turnover. The rate varies between 0.1 and 0.5%. A minimum annual premium is required.

The calculation is :   credit insurance Premium to be paid = sales turnover x premium rate %

– or from a fixed amount paid in advance per quarter and followed by a supplement based on the annual insurable turnover.