Bad debt losses? No thanks!
We pay if your client doesn’t... because bankruptcies are an unknown quantity!
With Zurich Credit Insurance, you will have optimal protection in the event customers no longer meet their payment obligations.
Our insurance protects you against losses related to uncollectible receivables, arising from the delivery of goods and the performance of services that occur when your customer is late in paying or even becomes insolvent.
No matter how well a company is managed, bankruptcies can sometimes happen quite suddenly. Full order books and the best marketing strategies are neither a guarantee to a company’s success and its ability to meet payment obligations nor offer you protection again bad debts.
Depending on the industrial sector and contractual stipulations, it usually takes from 30 to 180 days to receive payments for the delivery of goods or the performance of services. Open terms of payment represent the available credit that you as the supplier grant your customer free of charge. That ties up cash and effects your liquidity. As the result, the longer the terms of payment the more unpredictable your risk becomes.
Our basic concept is based on the three pillars of Credit Insurance.
- Prevention of loss
- Mitigation of loss
- Compensation for loss
Zurich Credit Insurance offers you the following advantages:
- credit assessments and monitoring of your customer portfolio
- excellent risk and market knowledge
- maintaining your own liquidity
- worldwide insurance covering specified and non-specified customers of your company and or corporation
- simple, customised wording to your company’s needs
- our premiums are usually "fixed premiums" allowing you to calculate costs
