Credit insurance solutions for mid-market trade: Domestic and International

We can help you design your trade credit insurance contract together with a wide range of options: it is tailor-made for your business or the structure or governance inside your organisation. We will make sure our solution meets your specific coverage needs

The history of failing companies shows that even clients you think you know, and have worked with for a long time, may face financial difficulties and stop settling their invoices. And sometimes it's too late when you find out. That’s why you have to cover your entire client portfolio to reduce this risk. However, turnover with affiliated companies, public companies or individuals is excluded from your policy and, it follows, from your rate base. You tell us about the turnover to be covered domestically and / or abroad when asking for the quote.

If your client is pleading a commercial dispute to avoid paying you, the collection managers will check that they are not acting in bad faith as a way to conceal their inability to pay. If the dispute is genuine and bona fide, your coverage will not be canceled but the collections will be suspended until you and your customer have resolved the dispute. The guarantee is reactivated once the dispute has been resolved, and the invoice can be indemnified if the customer is unable to settle it.

If part of the receivables is not recovered, we will pay you compensation amounting to 90 per cent of the unpaid invoices. Compensation will be paid within 60 days of your report of unpaid invoices, or within 30 days if your buyer is insolvent.

With Coface, a reduction or withdrawal of cover for one of your buyers applies to future transactions from the date it takes effect. Goods already delivered or services already provided whilst a guarantee was in force remain covered under the terms of your contract.