Our credit insurance solutions for small businesses are fast and simple to implement. Your business can benefit from credit insurance in several important ways:
- It gives your business security. With credit insurance, your business is protected from unpaid invoices, which can be particularly challenging for small businesses. Your company may not have the capital nor the resources to recover if your customers fail to pay. Credit insurance makes sure you get paid even if your customers default. We forward you the money and take care of the debt collection.
- It provides you with a reliable partner. Like many small businesses, you may not have significant resources to devote to credit management. We have the world’s most extensive knowledge of companies, sectors and economic trends. This powerful information is only available to our clients and we help you use it to safely grow your business.
- It is affordable. The cost of credit insurance is based on your turnover. It is a small percent of insured sales and depends on many variables, including trading history and historical debt loss of your company, your trade sector, and your customer base. When political risk coverage is included, the cost may be higher. The majority of businesses find trade credit insurance to be highly cost effective, even before taking into account the many additional benefits that include risk and credit management, bank financing, access to economic data, and ability to safely expand sales.
- It is easy to manage. All of our clients have access to our instant and secure online system, known as EOLIS. With EOLIS, you can request credit opinions and limits, monitor existing credit limits and those you have applied for, examine your customers' and prospects’ balance sheets, and request debt collection.
We are renowned for delivering the highest-quality service to all of our customers.