The benefits of credit insurance

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Credit insurance is a financial guarantee which protects companies against the risk of default . Trade receivables can represent up to 40% of the balance sheet of a company. With the increase in payment delays and the number of unpaid bills , it is important to know the many advantages and benefits brought by the credit insurance companies .

The benefits of being insured credit

Information : with a credit insurance contract , you have the updated information in real time about the financial health of all your customers or your prospects.
Information : you get a daily monitoring on the financial status of your customers and you can be alerted in case of deterioration.
Debt Recovery : in case of unpaid, the insurer supports amicable and legal steps to recovery.
compensation : If recovery fails, your company is compensated up to 90% of net amount of the unpaid invoice.

The benefits of credit insurance

Increased recovery : through a professional, you increase your chances and your level of recovery of unpaid debts.
Diminution costs : by entrusting the management of your receivables to a credit insurer, you reduce your costs of administration.
Increase of your financial capacity : reassuring your financial or banking partners, you get easier financing with larger amounts. Indeed, it is possible to delegate to a bank credit insurance contract in order to more easily obtain a financing

Other benefits of a credit insurance policy

Reactivity : as you’re covered on all your customers and prospects, you can take new market or accept new orders with confidence.
Exports : a credit insurance policy covers claims on France but also internationally between countries. In addition to protection of the commercial risk, it is possible to get coverage on disaster risk and political risk.
Focus on its heart business : by outsourcing to a specialist the treatment of your debts, you can focus completely on your heart and your craft business.
Dissuasion against defaulters : by entrusting your unpaid invoices covering a credit insurer, make sure the publicity of the unpaid and you violate defaulting client’s reputation. Your defaulting customer should act quickly to avoid being listed as “deadbeat” from banks or financial institutions.
Commercial avantage : you can explore more easily on new customers or market as you.